Home Asia Taiwan Economy Minister Resigns Amid Reshuffle Buzz

Taiwan Economy Minister Resigns Amid Reshuffle Buzz

Kuo Jyh-huei, previously a senior executive of a TSMC supplier, Topco Scientific, assumed the role in May of last year as President Lai Ching-te's administration took office.
Taiwan's Economy Minister J.W. Kuo speaks during a press conference at the Economy Ministry in Taipei, Taiwan May 30, 2024. REUTERS/Ben Blanchard/File Photo
Taiwan's Economy Minister J.W. Kuo speaks during a press conference at the Economy Ministry in Taipei, Taiwan May 30, 2024. REUTERS/Ben Blanchard/File Photo

Taiwan’s economy minister stepped down citing health reasons on Friday, amid growing speculation over an impending cabinet reshuffle as the government grapples with domestic hurdles and an opposition-controlled legislature.

One of the ministry’s key roles is overseeing the crucial semiconductor sector in Taiwan, home to the world’s largest contract chipmaker TSMC.

It also enforces controls to ensure sensitive high-tech goods do not end up in countries subject to export curbs such as China or Russia, and oversees energy policy.

15-Month Tenure

Kuo Jyh-huei, previously a senior executive of a TSMC supplier, Topco Scientific, assumed the role in May of last year as President Lai Ching-te’s administration took office.

In a statement issued by his ministry, Kuo said his resignation was based on “health considerations” given the taxing nature of the job.

Criticism

Kuo has faced criticism from opposition parties for his frequent verbal slip-ups.

“Regarding the criticism and feedback I have received from various sectors during this period, whether directed at policies or at me personally, I sincerely appreciate it and humbly accept it,” he said in his resignation statement.

There was no immediate word from the cabinet on his replacement.

Predictable Outcome

Lai has been grappling with strong resistance from opposition parties, who hold a majority in parliament — frequently blocking government-proposed legislation, pushing through their own bills, and enforcing sweeping budget cuts that have further complicated his administration’s efforts.

Taiwanese media reported this week that a cabinet reshuffle was likely this month, with Kuo among the top ministers expected to be replaced.

Kuo had also played a key role in shaping the government’s response to US President Donald Trump’s 20% tariff on Taiwanese exports to the United States.

Earlier on Friday, Digital Affairs Minister Yennun Huang said he was also stepping down, to return to academia.

(With inputs from Reuters)

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