Taipei, Sept. 16 (CNA) One of Taiwan's richest businessmen Terry Gou (郭台銘) said Monday that he will not run for presidency in the January election, but will continue to participate in political affairs.
In a public statement, Gou, the founder and former chairman of iPhone assembler Hon Hai Precision Industry, apologized to his supporters for the decision.
"After thoroughly thinking this over, I hope that the society, when choosing a national leader, can return to rational thinking and policy-level debates, so I've decided not to participate in the 2020 presidential election," Gou said.
Gou had been mulling an independent run for president since losing the Kuomintang (KMT) presidential primary in mid-July to Kaohsiung Mayor Han Kuo-yu (韓國瑜).
He withdrew from the KMT on Sept. 12.
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