Andrew Oung

Andrew Oung
翁大銘
Member of the Legislative Yuan
In office 1993–1996
Personal details
Born	(1950-06-04)4 June 1950 Cixi, Ningbo, Zhejiang, China
Died	Da'an District, Taipei, Taiwan
Relations	zh (father) zh and zh (brothers) zh (son)

Andrew Oung
Traditional Chinese	翁大銘
Simplified Chinese	翁大铭
Transcriptions Standard Mandarin Hanyu Pinyin Wēng Dàmíng Bopomofo ㄨㄥㄉㄚˋㄇㄧㄥˊ Southern Min Hokkien POJ Ang Tōabêng

Andrew Oung (Born 4 June 1950) also known by his Chinese name Oung Ta-ming, was a Taiwanese businessman whose family ran the Hualon Textile Corporation. Oung served in the Legislative Yuan from 1993 to 1996.

Career

Oung's father founded zh in 1967. In 1992, Andrew Oung was jailed in an insider trading and price manipulation scandal, in part because the $22 million Hualon planned on investing in the stock market were never paid. The debts continued growing. When Oung declared bankruptcy in 1994, he owed various creditors over $152 million. He was again sent to prison in 2010 for fraud leading to the bankruptcy proceedings. Oung served over half of a two-year sentence before being paroled in 2011. The next year, former employees at Hualon's Toufen factory organized protests, alleging that they were owed $22 million in lost wages and pensions due to Hualon's bankruptcy. In 2014, James and Andrew's acquisition of Paladin was challenged by their nephew, the former CEO of Paladin.