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Terminating Nuclear Power P.O February 2020 | Vol. 50 | Issue 2 THE AMERICAN CHAMBER OF COMMERCE IN TAIPEI IN OF COMMERCE THE AMERICAN CHAMBER Terminating Nuclear Power 終止核電 TAIWAN BUSINESS TOPICS TAIWAN February 2020 | Vol. 50 | Issue 2 Vol. 2020 | February 中 華 郵 政 北 台 字 第 INDUSTRY FOCUS REAL ESTATE 5000 BACKGROUNDER 號 執 照 登 記 為 雜 誌 交 寄 PET INDUSTRY ISSUE SPONSOR Published by the American Chamber Of NT$150 NT$150Commerce In Taipei Read TOPICS Online at topics.amcham.com.tw 2_2019_Cover.indd 1 2020/1/29 下午10:26 CONTENTS NEWS AND VIEWS 6 President’s View The election is over. It’s time for a FEBRUARY 2020 VOLUME 50, NUMBER 2 fresh start. 一○九年二月號 By William Foreman 7 Editorial Publisher Taiwan Deserves Congratulations William Foreman 為台灣民主喝采 Editor-in-Chief Don Shapiro 8 Taiwan Briefs Deputy Editor Jeremy Olivier By Jeremy Olivier Art Director/ / 12 Issues Production Coordinator Katia Chen Reviewing the Recent Legislative Manager, Publications Sales & Marketing Term Caroline Lee 第九屆立法院會期回顧 Translation Kevin Chen, Yichun Chen By Eric P. Moon/Soundline Con- sulting American Chamber of Commerce in Taipei COVER SECTION 129 MinSheng East Road, Section 3, 7F, Suite 706, Taipei 10596, Taiwan Terminating Nuclear Power P.O. Box 17-277, Taipei, 10419 Taiwan Tel: 2718-8226 Fax: 2718-8182 終止核電 e-mail: amcham@amcham.com.tw website: http://www.amcham.com.tw 撰文／法提姆 By TIMOTHY FERRY 050 15 Nuclear Decommissioning 2718-8226 2718-8182 Stuck in Limbo Taiwan Business Topics is a publication of the American Chamber of Commerce in Taipei, ROC. 核電廠除役進退兩難 Contents are independent of and do not necessarily reflect the views of the Officers, Board of Governors, Supervisors or members. A dispute between Taipower © Copyright 2020 by the American Chamber of Commerce in Taipei, ROC. All rights reserved. Permission and New Taipei City over to reprint original material must be requested in writing from AmCham. Production done in-house, Printing by Farn Mei Printing Co., Ltd. interim spent-fuel storage is complicating the shuttering of nuclear power plants. 10866 5000 18 Searching for a Permanent ISSN 1818-1961 Storage Solution Chair: C.W. Chin 21 End of One Era, Start of there also other energy forms Vice Chairs: Fupei Wang, Timothy Shields Secretary: Seraphim Ma Another that deserve attention? Treasurer: Al Chang Decommissioning will keep 2019-2020 Governors: 24 Financing Offshore Wind Al Chang, Albert Chang, Seraphim Ma, Jan-Hendrik Taiwan’s nuclear sector busy Power Meidinger, Paulus Mok. for decades and potentially Most of the funding for this 2018-2019 Governors: Mark Chen, C.W. Chin, offer global opportunities. Timothy Shields, Gina Tsai, Fupei Wang, Angela Yu. portion of Taiwan’s energy 2020 Supervisors: Mark Horng, Stephen Tan, Terry 22 Taiwan’s Alternative development is coming from Tsao. Energy Options international banks, with much COMMITTEES: Agro-Chemical/ Melody Wang; Asset Management/ Taiwan is making big moves in of it guaranteed by foreign Eric Lin, Angela Yang, Derek Yung; Banking/ Paulus Mok; Capital Markets/ Mandy Huang, Eric Jai, solar and offshore wind, but are export credit agencies. C.P. Liu; Chemical Manufacturers/ Charles Liang, Michael Wong; Cosmetics/ Shirley Chen, Abigail Lin; Defense/ Manohar Thyagaraj; Digital Economy/ Max Chen, Renee Chou, Tai Chi Chuan; Energy/ Randy Tsai; Human Resources/ Christine Chen, Carmen BACKGROUNDER 27 Taiwan’s Booming Pet Law, David Tsai; Infrastructure/ Wayne Chin, Paul Lee; Insurance/ KT Lim, Mandy Shih, Linda Tsou; Economy Intellectual Property & Licensing/ Jason Chen, Peter Dernbach, Vincent Shih; Marketing & Distribution/ More and more young Taiwanese Wei Hsiang; Medical Devices/ Louis Ko, Jeffrey Wang, Joanne Yao; Pharmaceutical/ Justin Chin, Rie are choosing to own and raise Nakajima, Shuhei Sekiguchi; Public Health/ Joyce pets instead of having children, Lee, Sophia Lee, Tim Shields; Real Estate/ Tony Chao; Retail/ Ceasar Chen, Mark Chen, Peggy Liao; causing a surge in the pet-care Sustainable Development Goals/ Kenny Jeng, Lume Liao, Cosmas Lu, Fupei Wang, Kernel Wang; Tax/ market and opening the door for Heidi Liu, Cheli Liaw; Technology/ Cynthia Chyn, Stella Lai, Angela Yu; Telecommunications & Media/ a wide variety of new products Thomas Ee, David Shin, Joanne Tsai; Transportation & Logistics/ (tba); Travel & Tourism/ Gina Tsai, Jason and services. Yeh, Fiona Yuan. By Jeremy Olivier 4 TAIWAN BUSINESS TOPICS • FEBRUARY 2020 2 contents.indd 4 2020/1/30 下午5:52 FEBRUARY 2020 • VOLUME 50 NUMBER 2 TAIWAN BUSINESS 31 Multi-level Marketing’s Deep Display Technologies Roots in Taiwan Despite some negative public attitudes, this business practice has been highly popular with local consumers and would-be entre- preneurs.. By Steven Crook INDUSTRY F CUS Real Estate A Look at the Property Market 36 Taiwan Weathers the Global Market Cold Front By Jamie Chang/Jones Lang Lasalle 39 Housing Prices in Taipei: Leveled Off but Still High Government measures to cool the residential property market have been successful, but prices remain high in the most desirable markets, putting homeownership out of reach for many Taiwanese. By Matthew Fulco 41 Flexible Working Space Fever Hits Taipei The race is on to position serviced offices as hip co-working spaces, but questions remain about the sustainability of market demand. By Matthew Fulco 43 Taiwan’s Offices Get 21st Century Upgrade A growing number of companies in Taiwan – local and international alike – are moving toward more flexible configurations in their office spaces. By Jeremy Olivier EXECUTIVE SUITE 46 Meet John Demers of Atlas Copco By Jeremy Olivier including next-generation sizes and reduced thickness. SPONSORED CONTENT Today, we’re leveraging our fusion assets, glass science 48 Seeing Taiwan: The Glory of expertise, and optical physics capabilities to drive the next Taiwan’s Snow Mountain Range round of display innovations – better images, ubiquitous © 2020 Corning Incorporated. All Rights Reserved. TAIWAN BUSINESS TOPICS • FEBRUARY 2020 5 www.corning.com 2 contents.indd 5 2020/1/29 下午10:26 PRESIDENT'S VIEW The election is over. It’s time for a fresh start. The negative image is partly due to the media, which mostly cover sudden events, such as mur- ders, natural disasters, and disease outbreaks. Journalists often fail to fully appreciate gradual stories that develop over decades, such as the maturing of Taiwan’s democracy. I couldn’t help but feel extremely proud of the STOCK IMAGE way Taiwan conducted this last election. Turnout was high. The casting and counting of ballots were y teenage daughter is interested in Tai- efficient. Candidates who lost gave classy conces- wan’s political culture, so I took her to sion speeches. M President Tsai Ing-wen’s election victory But much more needs to be done to build on celebration. Amid the cheers, chants, and the occa- the democratic success in Taiwan – and the U.S. as sional air horn, I heard something that I’ve never well. I’ll never forget how former U.S. Defense Sec- noticed before at a political event in Taiwan. It was retary James Mattis replied when asked to identify the sound of people speaking Cantonese. A lot of America’s biggest threat. He said it was “divisive- Hong Kongers were in the crowd. ness inside this country – the lack of respect, the I had read that many young people from Hong lack of listening to one another and accepting that Kong were coming to Taiwan to experience the people who disagree with us might be right once in election. I guess we can call them political tourists. a while.” For them, Taiwan’s democracy is inspiring. The In both the U.S. and Taiwan, politicians need to country is cool. pragmatically work to build a consensus between This seemed ironic to me as I recalled my expe- the major political parties. They must stop dwelling rience being transferred from Taiwan to Hong on divisive issues and focus the debate on how to Kong in 2005. The city was booming then, and best strengthen the society and economy. most people didn’t seem to care about politics. The post-election period is a perfect time for a They were more focused on profiting off mainland fresh start. Let’s do it. China’s blistering hot economy. At the time, when Hong Kongers learned that I had most recently lived in Taipei, they frequently said, “Oh, you must be so happy to be in Hong Kong now!” They viewed Taiwan to be an unstable, dangerous place. People were always dying in mud- slides, earthquakes, and tour bus crashes. Fistfights William Foreman broke out in the legislature. Relations with the President, other side of the Strait were tense. American Chamber of Commerce in Taipei 6 TAIWAN BUSINESS TOPICS • FEBRUARY 2020 2 presidents view.indd 6 2020/1/29 下午10:23 E D I T O R I A L Taiwan Deserves Congratulations t a time when democratic values are under siege in Although Taiwanese have voted for township, city, and many parts of the world, Taiwanese citizens last county leaders since the 1950s and national legislators since A month demonstrated their continued firm commit- the 1970s, it was only in 1996 that the first direct popular ment to a free and open political system. In the January 11 election was held for president and vice president. elections for president, vice president, and national legisla- Over the decades, the public has sometimes found the tors, nearly 75% of eligible voters cast their ballots. In the workings of democracy to have its frustrations. Infighting U.S., in contrast, the highest turnout in the past half-century among political parties, as well as the checks and balances was 58.2% in 2008 (the lowest was 49% in 1996). between branches of government, often complicate the deci- Journalists and scholars from around the world who sion-making process for public policies.
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