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New Future Democratic Party
Political party in South Korea From Wikipedia, the free encyclopedia
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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]
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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]
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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
References
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