Shin Kong Life Insurance Co (新光人壽) yesterday announced that Victor Hsu (許澎) would be its new chairman after Eugene Wu (吳東進) was suspended by the Financial Supervisory Commission and barred from the firm’s board until his term ends in June 2023.
It is to be the second time that Hsu has taken over a Wu post as chairman after he assumed the role at Shin Kong Financial Holding Co (新光金控) after Wu retired from that company in June.
“We would review Hsu’s qualifications and then decide whether to interview him in person,” Insurance Bureau Deputy Director-General Wang Li- hui (王麗惠) told a news conference in New Taipei City.
Meanwhile, the commission has rejected Jko Asset Management Co’s (街口投信) appointment of Kevin Hu (胡亦嘉) as chairman, citing insufficient documents, Securities and Futures Bureau Chief Secretary Kuo Chia-chun (郭佳君) told the news conference.
“The firm did not answer our request to submit Hu’s certificates of graduation, which are necessary documents to review Hu’s qualifications,” Kuo said. “This indicates that the firm is non-compliant.”
Hu said that the commission on Friday last week had harassed his employees by interrogating staff and searching its offices.
The commission conducted an on-site inspection that day, as Jko Asset Management failed to clearly explain its Tuofu Bao (託付寶) investment service, Kuo said.
“We intended to check whether the asset management company has good internal controls after its affiliates Jkopay Co Ltd (街口支付) and Jko Fintech Co (街口金融科技) launched a controversial service,” Kuo said, adding that the inspection was normal practice.
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down
While China’s leaders use their economic and political might to fight US President Donald Trump’s trade war “to the end,” its army of social media soldiers are embarking on a more humorous campaign online. Trump’s tariff blitz has seen Washington and Beijing impose eye-watering duties on imports from the other, fanning a standoff between the economic superpowers that has sparked global recession fears and sent markets into a tailspin. Trump says his policy is a response to years of being “ripped off” by other countries and aims to bring manufacturing to the US, forcing companies to employ US workers. However, China’s online warriors
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