Wu Yao-ting
Wu Yao-ting was a Taiwanese businessman, best known as the founder of the President Department Store and other companies such as supermarket, hotel, and various food industry businesses.
In 1958, Wu established the department store Ta Shing, the first department store in Taiwan to have an escalator. In 1975, he subsequently established the President Department Store, the largest department store in Taiwan at that time. In 1984, Wu founded the Talee Department Store, which later became a Japanese-style department store Talee-Isetan.
Additionally, Wu also founded Hotel Kingdom and collaborated with Costco in Taiwan to operate several warehouse supermarkets. The department stores, hotels, supermarkets and shopping malls established by Wu are now being managed by the President Group.
Wu died at Kaohsiung General Veterans Hospital on 4 February 2012.
