• President – Lee Teng-hui
• Vice President – Lien Chan
• Premier – Vincent Siew
• Vice Premier – Liu Chao-shiuan

January edit

• 1 January – The opening of Hsinchu Air Base in Hsinchu City.
• 12 January – The renaming of Sports Council to Sports Affairs Council.

February edit

• 16 February – The crash of China Airlines Flight 676 in Taoyuan County (now Taoyuan City).
• 21 February – The opening of Museum of Medical Humanities in Taipei.

April edit

• 28 April – The debut of My Fair Princess.

June edit

• 16 June – The establishment of Hsin Tao Power Corporation.

July edit

• 1 July – The establishment of Public Television Service.

August edit

• 1 August – The establishment of Fisheries Agency of the Council of Agriculture.

October edit

• 25 October – The opening of Kaohsiung Museum of History in Kaohsiung City.
• 31 October – The opening of Beitou Hot Spring Museum in Taipei.

December edit

• 5 December – The 1998 Republic of China legislative election.
• 21 December – The ownership of Land Bank of Taiwan was handed over from Taiwan Provincial Government to Executive Yuan.
• 24 December – The opening of Zhonghe Line of Taipei Metro.

• 10 February – Candy Hsu, singer and actress.
• 4 June – Hu Ling-fang, badminton player.
• 24 December – Shen Yan-ru, badminton player.

• 14 June – Chu Fu-sung, Minister of Foreign Affairs (1979–1987).