Gaoli bangzi is a Chinese slang term, with a long history of being used as an ethnic slur for Koreans. The term gaoli (高麗) refers to the ancient Korean dynasty Goryeo, while bangzi (棒子) means 'Stick'. It is used synonymously with han bangzi (韓棒子) or simply bangzi (棒子).

Terry Gou is a Taiwanese billionaire businessman and politician. Gou is the founder and former chairman and chief executive officer of Foxconn, the world's largest contract manufacturer of electronics. Founded in 1974, Foxconn grew to become an international business empire, becoming the largest private employer and exporter in mainland China with a workforce of 1.2 million. As of 2022, Gou had a net worth of US$6.8 billion.