Foxconn boss to run for top office in Taiwan

Terry Gou, head of the world's largest electronics supplier, Foxconn, confirmed on Wednesday that he will enter Taiwan's 2020 leadership election.

Gou, Taiwan's richest person, with a net worth of $7.6 billion according to Forbes, said he would join the race and take part in the primaries of the Kuomintang party.

Candidates are expected to face a slate of competitors in the 2020 election. Current Taiwan leader Tsai Ing-wen of the Democratic Progressive Party has said she will seek a second four-year term.