Chapter 8

Strategic Implementation of International Joint

Venture in Taiwan: A Case Study on THSRC

Tsung-Chieh Tsai, National Yunlin University of Science and Technology

Hung-Chi Chen, Chiayi County Government, Taiwan

Min-Lan Yang, JU-MING Construction Co. Ltd.

Introduction

Since 1969, and most especially in 1975, Taiwan's government has opened its market to foreign

firms. With the Government Procurement Act released in 1998 that ratifies the legal status of JV,

many large foreign firms with JV contracts are able to participate and invest in Taiwan's public

projects. During the years between 1988 and 1994, JV between foreign and domestic firms only

amounted to 3 billion US dollars. Starting 1999, Taiwanese government has invited private firms

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