What Is This Ribbon?

I received a note from Albert Kinkead, who wrote the following:

My grandfather COL(Ret.) William Kinkead served as a Logistics Officer trainer in the MAAG back in the late 50's early 60's time frame.  I believe he was given an award by the Taiwanese defense forces but I can't locate any info online.  He passed away in 2002 so I cannot ask him about it and I am trying to do as much research as I can.  I have a picture of him getting the award and a picture of what I believe is the ribbon they gave him.  Do you know if the defense forces gave awards to the US Soldiers, Sailors and Airmen who worked in the MAAG?  If so, do you think you may know what it is or where I could find info on it?  Any help would be greatly appreciated.

I replied to Al that it was not uncommon for American military personnel to receive medals, especially upon completion of their tours.  I'm not familiar with this ribbon or the devices on it, but I thought perhaps someone here might be able to help.  Please let me know if you can identify the ribbon or if you know any of the individuals shown below.

Here are the rest of the photos that Al sent to me:

Receiving the award from MG Wong

Toasting the award

MAJ Harrington, LTC Kinkead, GEN Peng (Chief Taiwanese Armed Forces), COL Walker, CPT Ault

The Team, HM2 Woods, SP4 Milligan, CAPT Ault, PVT Carleton, MAJ Sotter, SP4 Barnett, COL Walker, SP4 Fisker, LTC Kinkead, SP4 Leach, MSGT Sullivan, SP4 Bailey, SSGT Hall