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taiwanese family businesses

August 15, 2013

The fraudulent actions of Taiwanese family business Rebar Group have landed five next-gens with prison sentences, while their father remains on the run.

The fraudulent actions of Taiwanese family business Rebar Group have landed five next-gens with prison sentences, while their father remains on the run.

On Wednesday, Taiwan’s Supreme Court upheld the verdicts of a lower court, which handed out sentences between five and a half and 30 years to the children of Wang You-theng for violations of the Securities and Exchange Act.

August 15, 2011

One in five workers in Taiwan has a relative in management, with the majority of these admitting that nepotism helped them land their job, according to a new survey. 

One in five workers in Taiwan has a relative in management, with the majority of these admitting that nepotism helped them land their job, according to a new survey.

The research from recruitment site 1111 Job Bank, which surveyed 1,122 people, found that 22.1% said a parent or other relative worked with them, either in a high-ranking position or as the business owner, Focustaiwan.tw reported.

Almost 90% of these said they took advantage of their relationship to find their position, with 75% admitting that nepotism secured them the job.

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