The New Future Democratic Party (Korean: 새미래민주당, romanized: Saemiraeminjudang) is a South Korean political party formed by a splinter group from the Democratic Party led by former Prime Minister Lee Nak-yon. Originally New Future Party (Korean: 새로운미래, romanized: Saerounmirae, lit. 'New Future'), the party was renamed on 7 September 2024.[1]
New Future Democratic Party 새미래민주당 | |
|---|---|
 | |
| Leader | Jun Byung-hun |
| Chair of the Policy Planning Committee | Jang Duck-chun |
| Founder | Lee Nak-yon |
| Founded | 4 February 2024[a] |
| Split from | Democratic Party of Korea |
| Ideology | Centrist reformism |
| Colours | Turquoise |
| National Assembly | 0 / 300 |
| Metropolitan Mayors and Governors | 0 / 17 |
| Municipal Mayors | 0 / 226 |
| Provincial and Metropolitan Councillors | 2 / 872 |
| Municipal Councillors | 9 / 2,988 |
| Website | |
| www | |
History
The party was founded on 4 February 2024. According to the party, Lee Nak-yon and Kim Jong-min will serve as party co-chairs.[2] There were speculations about a potential alliance with Lee Jun-seok's New Reform Party.[3] On 9 February it was announced that the party, along with New Reform Party, would merge together to create the Reform Party, with the new party being led by Lee Nak-yon and Lee Jun-seok.[4]
On 20 February, Lee Nak-yon and the New Future Party announced their withdrawal from the merger with the New Reform Party. Kim Jong-min, an assemblyman close to Lee, also left the party to rejoin the New Future Party.[5]
On 11 March, Hong Young-pyo, the member for Incheon Bupyong B in the National Assembly, officially joined the party.[6] An additional two members of the National Assembly; Oh Yeong-hwan and Sul Hoon joined the party on 17 March.[7][8][9]
Ideology
The party's manifesto said that it will "stand up for centrist reformism". It also said the party "opposes both market fundamentalism and populism".[10]
Election results
| Election | Leader | Constituency | Party list | Seats | Pos. | Status | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Votes | % | Seats | +/- | Votes | % | Seats | +/- | No. | +/– | ||||
| 2024 | Lee Nak-yon Kim Jong-min |
200,502 | 0.70 | New | 1 / 254 |
483,827 | 1.71 | New | 0 / 46 |
5th | 1 / 300 |
5th | Opposition |
References
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