Opposition party candidate Hou Yu-ih concedes defeat in Taiwan presidential election

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Ruling party candidate William Lai Ching-te has emerged victorious in Taiwan's presidential election on January 13, 2024, after main opposition party Kuomintang’s Hou Yu-ih conceded. "I personally did not work hard enough, and I regret that I could not complete the political reshuffle," Hou said at an event in New Taipei City.

Source: AP

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