Douglas Hsu Family (Far Eastern)
Overview
Founded by Hsu Yu-ziang in 1940s as a textile business. Core businesses: petrochemicals, retail, telecommunications, financial services, real estate, and hospitality. Far Eastern Group is one of Taiwan's largest conglomerates, with subsidiaries including Far Eastern New Century, Far EasTone, and Far Eastern Department Stores. Market position: dominant in polyester textiles, telecom, and department stores in Taiwan.
Description
Taiwanese conglomerate founded by Hsu Yu-ziang, spanning petrochemicals, telecom, retail, and finance.
Leadership
Governance
Held through Far Eastern Group, a family-controlled holding structure. Key entities: Far Eastern New Century (textiles/petrochemicals), Far EasTone (telecom), Far Eastern Department Stores, and Far Eastern International Bank. Decision-making centralized under family patriarch Douglas Hsu.
Succession
Next-gen includes Hsu's children: Douglas Hsu Jr. (vice chairman of Far Eastern New Century) and other family members in executive roles. Succession plan reportedly in progress, with gradual transition to second generation.
Public-Sector Context
Close ties with Taiwan's KMT and government; historically benefited from state-linked projects. Regulatory influence in telecom and energy sectors. Risk factors: cross-strait tensions and potential regulatory scrutiny.