Word: kuomintang
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...This has become a hot topic in Taiwan because Ma is one of the island's most popular politicians, thanks to his movie star looks and squeaky clean image. What's more, he's a member of the Kuomintang Party (KMT), which ruled Taiwan for 51 years before being voted out of power two years back. The current thinking is that Ma could present a strong challenge to President Chen Shui-bian, possibly heralding the return of the KMT. That would be an epochal event for the island's nascent, ever-evolving democracy, signaling either a revival of the cash...
Before the election, a number of experts confirmed Ma’s potential as a presidential candidate who could run with either of two parties, his own Kuomintang (KMT), or Nationalist Party, and the ideologically similar People First Party...
...political party once held to be the world's richest was never shy about using its money to buy support. At the peak of its power in the 1990s, Taiwan's Kuomintang (KMT) rewarded its members with stock options, lavished expensive gifts on journalists and opinion makers, and lured tens of thousands to political rallies and election booths with the promise of free food, hats, flags, jackets, and zou-lu-kun?red envelopes stuffed with petty cash. The party even dipped into its own coffers to bolster flagging stock markets or to buy diplomatic support from impoverished nations...
...imported from Spain and India. In one of the most cramped and densely populated cities in Asia, the headquarters presides over a wide, leafy boulevard, overshadowing the brick Taiwan presidential offices situated across the street?a building that was once virtually an annex of the party anyway, since a Kuomintang chairman occupied the presidency continuously between 1949 and 2000. The KMT building "is the spiritual pillar of the party," says Chang Che-shen, director-general of the party's Administration and Management Committee...
...trying to protect its assets, the KMT can hardly claim to hold the moral high ground. The origin of its business empire traces to the end of World War II, when Kuomintang troops, then battling communist rebels for control of the Mainland, landed in Taiwan and grabbed hundreds of properties and buildings from the defeated Japanese. After being routed by Mao's troops in 1949, the Kuomintang fled to Taiwan and established its government in exile, setting the stage for what one local newspaper described as a "five-decade looting spree", in which the party found it difficult to distinguish...