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New Future Democratic Party

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New Future Democratic Party
새미래민주당
LeaderJun Byung-hun
Chair of the Policy Planning CommitteeJang Duck-chun
Founded4 February 2024[a]
Split fromDemocratic Party of Korea
IdeologyCentrist reformism
Colours  Blue 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.saemirae.kr

The New Future Democratic Party (Korean: 새로운미래, romanizedSaemiraeminjudang, lit.'New Future Democratic') 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, romanizedSaerounmirae, lit.'New Future'), the party was renamed on 7 September 2024.[citation needed]

History

[edit]
Logo of New Future Party

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.[1] There were speculations about a potential alliance with Lee Jun-seok's New Reform Party.[2] 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.[3]

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.[4]

On 11 March, Hong Young-pyo, the member for Incheon Bupyong B in the National Assembly, officially joined the party.[5] An additional two members of the National Assembly; Oh Yeong-hwan and Sul Hoon joined the party on 17 March.[6][7][8]

Ideology

[edit]

The party's manifesto said that it will "stand up for centrist reformism". It also said the party "opposes both market fundamentalism and populism".[9]

Election results

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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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  1. ^ Part of the New Reform Party from 9 February to 20 February 2024
  1. ^ "Lee Nak-yon, ex-DPK members launch New Future Party". The Korea Times. 2024-02-04. Retrieved 2024-02-04.
  2. ^ Daily, The Chosun (2024-02-04). "Ex-DP leader Lee Nak-yon's new party stumbles right after its formation". The Chosun Daily. Retrieved 2024-02-04.
  3. ^ Yonhap (2024-02-09). "Smaller political powers agree to merge into new party ahead of general elections". The Korea Herald. Retrieved 2024-02-09.
  4. ^ [바로이뉴스] "다시 새로운미래로 돌아간다"…11일 만에 결별 선언한 이낙연. 언론사 뷰. Retrieved 2024-02-21.
  5. ^ 임, 재우 (2024-03-11). '홍영표·김종민' 새로운미래 투톱 선대위 출범. '홍영표·김종민' 새로운미래 투톱 선대위 출범 (in Korean). Retrieved 2024-03-15.
  6. ^ 설훈·오영환, 새로운미래 동반 입당…현역 5명으로 늘어. Newsis (in Korean). 2024-03-17. Retrieved 2024-03-18.
  7. ^ 오영환, 새로운미래 입당 "갈등과 분노의 정치 바꿔야". The Chosun Ilbo (in Korean). 2024-03-17. Retrieved 2024-03-18.
  8. ^ 설훈·오영환, 새로운미래 동반 입당. The Chosun Ilbo (in Korean). 2024-03-17. Retrieved 2024-03-18.
  9. ^ "새로운 미래 "중도개혁주의 견지"··이낙연·이준석 연대 속도는 입장차". Maeil Business Newspaper. 17 January 2024. Retrieved 7 February 2024.