Tesco thinks big in Taiwan Tesco has announced plans to open 20 Taiwanese hypermarkets over the next five years, employing 10,000 local managers and staff. The plan puts Taiwan at the forefront of the company's agressive expansion in Asia ­ along with South Korea and Thailand. Tesco Stores' Taiwan CEO David Orchard-Smith described the investment in the area as "significant" with analysts pointing out the cost of fitting out each store would be about £5m. The company's first Taiwanese store is due to open in the southern city of Tainan in June 2001, with the second store opening in the northern city of Hsinchu by the end of that year. The area is attractive as margins are generally higher than elsewhere in Asia and living standards are rising. The only drawback is the lack of suitable sites, due to the island's high population density. {{NEWS }}