Tsai Ing-wen becomes Taiwan president as KMT concedes defeat

TAIPEI: Tsai Ing-wen of Taiwan's main opposition party will become the island's first female president after the ruling Kuomintang conceded defeat in polls Saturday, as voters turned their backs on closer China ties.

"I'm sorry... We've lost. The KMT has suffered an election defeat. We haven't worked hard enough and we failed voters' expectations," said KMT candidate Eric Chu addressing crowds at the party's headquarters in Taipei.