‘ANOTHER WAY’: Assets committee Chairman Lin Feng-jeng touted the agreement as a nonconfrontational approach to deal with the KMT’s allegedly ill-gotten assets
Taipei Times
Date: Dec 30, 2017
By: Stacy Hsu and Cheng Hung-ta / Staff reporters
The National Women’s League’s months-long negotiations with the Ministry of the Interior
From left, National Women’s League chairwoman Joanna Lei, Minister of the Interior Yeh Jiunn-rong and Ill-gotten Party Assets Settlement Committee Chairman Lin Feng-jeng hold hands at a news conference in Taipei yesterday. Photo: Peter Lo, Taipei Times
and the Executive Yuan’s Ill-gotten Party Assets Settlement Committee finally yielded some results yesterday, with the three parties signing a memorandum of understanding laying down the foundation for a formal administrative contract.
Under the agreement, inked at a news conference at the ministry in Taipei, the league is to donate 90 percent of its total assets, or about NT$34.3 billion (US$1.15 billion), to the state coffers to pay for long-term care services, healthcare for veterans, social welfare, and efforts to prevent domestic violence and sexual assault.
The league’s remaining assets are to be donated to a subsidiary, the Social Welfare Foundation, after deducting severance payments and administrative expenditures for its pending dissolution. [FULL STORY]
