The school, originally named Ming Chuan College, established in 1957 as the first institution of higher learning for women in the area of business in Taiwan, was founded by Dr. Teh-Ming Pao and Dr. Ying-Chao Lee. The founders believed strongly that the economic development of the nation requires personnel trained in commerce. They also believed in the great importance of education for the youth in this society. Current president, Dr. Chuan Lee, carries on this vision, expanding it to embrace the needs of the new knowledge economy. The emphasis at Ming Chuan University (MCU) is on maintaining strict standards, encouraging keen effort in teaching, producing well-rounded students, matching instruction in theory with experience in application and stressing both the humanities and technology.