Early Life
Douglas Hsu was born on August 24, 1942. His father, Yu-Ziang Hsu, founded the Far East Knitting Factory in China in 1937, initially producing underwear. The company relocated to Taiwan in 1949 after the Chinese Civil War, marking a pivotal moment in the family's business journey.
Rise to Success
Douglas Hsu joined Far Eastern Textiles (later renamed Far Eastern New Century) at the age of 38, becoming the company's president. His leadership guided the Far Eastern Group's expansion into various sectors, including petrochemicals, retail, financial services, and telecommunications. Hsu's strategic decisions and vision led to significant growth and diversification, establishing the group as a major player in Taiwan's economy.
Key Business Strategies
Hsu's business approach is characterized by a long-term perspective and a focus on stability. He is known for building internal innovation cultures, fostering collaboration among designers, engineers, and business operators. His leadership style emphasizes the importance of a skilled and adaptable workforce, ensuring the group's readiness for future challenges.
Philanthropy
The Far Eastern Group has a strong commitment to philanthropy. The Group has established educational facilities, medical institutions, and foundations, supporting art, education, medical research, and technology innovation. These initiatives reflect Hsu's belief in corporate social responsibility and the importance of giving back to society.
