I admired Mr. Wang Yung-ching as a great leader in this century, especially in Taiwan or China. He set up a great sample for the young generation to work harder to reach the goal. He sent the message to us “the key of success” is not poor or rich. It is hard working and keeping trying.
He was a self-made man who started out as an apprentice to a rice merchant; the straight-talking, clean-living, hard-working Wang built his Formosa Plastics Group into an empire with an annual output of NT$2 trillion. He is Wang Yung-ching, who builds his Formosa Plastics Group into Taiwan’s biggest and most profitable manufacturing conglomerate. He was known widely as “the God of Management”. Mr. Wang expanded his plastics and petrochemicals empire and diversified into electronics, cosmetics, hospitals and car manufacturing.

Mr. Wang invested in power plants and plastic factories on the Chinese Mainland. Formosa Plastics not only set chemical company in the United States but also owns several oil wells and properties rich in natural gas in Texas.

Mr. Wang's work ethic and pragmatism were the core elements of the Formosa Plastics culture. He exhibited his "customer first" philosophy as a teenager in the rice store. After the rice store, Wang opened a brick kiln and a lumber yard, where he built up managerial skills and capital.

Mr. Wang was also well known for his tremendous love of country. He once wrote: "I am Taiwanese, and I am also Chinese. There is no reason why we Taiwanese, we Chinese, cannot do better than the Japanese or the Americans." Mr. Wang showed his generous in support of education and disadvantaged social groups. Charles H.C. Kao, president of Commonwealth Publishing, notes: "A business leader is someone who has made it big in business. A great business leader is someone who is willing to share his or her resources and wealth with society." He rates Wang Yung-ching as one of the very few great business leaders of the past century in either China or Taiwan.

Although Mr. Wang died on October 15, 2008 in New Jersey at the age of 91, his spirit will always with us.