Its publishing organization was the "Taiwan Art Research Society," founded by a group of Taiwanese students studying in Japan in Tokyo on March 20, 1932.
[2] On July 31 of the same year, Lin Dui, Wang Baiyuan, Wu Kunhuang, and others met to discuss the publication of the association's journal NEWS and fund-raising issues.
Its predecessor was the left-wing literary group Taiwan Cultural Association organized by Wang Baiyuan, Lin Dui, Wu Kunhuang and others on March 20, 1932.
They overcame problems such as insufficient funds and disputes over their course of action and formally formed the Taiwan Art Research Society in March 1933.
"On the negative side, we want to organize and study the literary and artistic works that have always been weak to match the folk art, such as folk songs and legends that are popular among the public; on the positive side, the special atmosphere mentioned above has generated our full spirit, our thoughts, and feelings from the heart, and we are determined to create new literature and art that truly needs Taiwanese people.
"[6] Researcher Huang Te-shih believes that: "The founders of Formosa magazine were all students who majored in literature, philosophy or art at various universities in Japan.
At the same time, they also attached great importance to the compilation of past cultural heritage, such as the collection of folk songs and current literary criticism.
Using the "Taiwan Doctoral and Master's Theses Knowledge Value-added System" and the "National Book Catalog Information Network" to search, as of October 10, 2011, no doctoral and master's theses specifically use this literary magazine as the primary research object, and only related studies use this literary magazine as the object of examination.
Liu Shuqin, "The Path of Thorns: Literary Activities and Cultural Struggles of Young People in Japan," the doctoral dissertation of the Department of Chinese Literature, Tsinghua University, 2000.
Deng Huien, "A Study on the Translation of Foreign Thoughts during the Japanese Occupation: Focusing on Loa Ho, Yang Kui, and Zhang Wojun," master's thesis of the Institute of Taiwan Literature, Tsinghua University, 2006.
The thesis examines 11 literary magazines mainly published on the island of Taiwan, whose activities were conducted primarily by Taiwanese people, and "Formosa" is one of them.