Taiwan opposition leader Ma Ying-jeou resigns as the chairman of the Kuomintang party after being indicted on charges of embezzlement during his tenure as the mayor of Taipei; Ma also announces his candidacy for the 2008 presidential election.

Taiwan, officially the Republic of China (ROC), is a country in East Asia. The main island of Taiwan, also known as Formosa, lies between the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the northeast, and the…