Word: kmt
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...running for the Democratic Progressive Party (DPP), which favors independence, and Ma represents the Kuomingtang (KMT), or Nationalist Party...
...which advocates independence, currently holds the presidency. But Goldstein said KMT victories in Taipei and Kaoshiung, Taiwan’s second largest city, could loosen tensions across the Taiwan Strait...
...Chen pushes ahead with the legislation, the KMT may find itself not only on the brink of political irrelevance but also on the edge of financial ruin. The value of its holdings have plummeted of late, a descent accelerated by Taiwan's struggling economy. KMT officials say the total value of all their assets have plunged to a relatively meager $1.6 billion. That includes $1.16 billion worth of businesses, real estate valued at more than $250 million and the rest in bank deposits, stocks and bonds...
...Ultimately, separating the KMT from its holdings will be a difficult job for the Chen-led government. Some assets that may have been acquired through shady deals have since been sold, the profits reinvested in enterprises the government can't claim. "It's a money trail that's impossible to trace without the KMT showing investigators the way," says financial writer Vicky Tien, an expert in the party's dealings. "And it's extremely unlikely the KMT will offer their assistance...
...Still, party officials have reason to rue their high-profile headquarters in the heart of Taipei, in full view each morning of Chen as he goes to work at his presidential offices. "I think the President may consider our building an eyesore," says KMT spokesman Tsai Cheng-yuan. Some members say publicly that they should return all questionable assets to the government, rather than face the humiliation of being forced to divest. Coming clean would, says KMT parliamentarian Wu Den-yi, "relieve the party of a historical burden." Even if the cost is its showcase headquarters, the KMT may find...