Top Qs
Timeline
Chat
Perspective
New Future Democratic Party
Political party in South Korea From Wikipedia, the free encyclopedia
Remove ads
The New Future Democratic Party (Korean: 새미래민주당) is a South Korean political party formed by an anti-Lee Jae-myung faction from the Democratic Party led by former Prime Minister Lee Nak-yon.[2] Originally founded as the New Future Party (새로운미래), the party was renamed on 7 September 2024.[3]
Remove ads
History
Summarize
Perspective
The party was founded on 4 February 2024 by former Democratic Party leader and Prime Minister Lee Nak-yon, who had grown critical of then Democratic Party leader Lee Jae-myung. The initial leadership consisted of a co-leadership between Lee Nak-yon and Kim Jong-min.
The party merged with Lee Jun-seok's newly founded Reform Party on 9 February with new party being led by Lee Nak-yon and Lee Jun-seok.[4] However, on 20 February, Lee Nak-yon and the New Future Party announced their withdrawal from the merger with the New Reform Party, with members who had joined the Reform Party re-joining the re-established New Future Party.[5]
On 11 March 2024, 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]
In the 2024 South Korean legislative election, Kim Jong-min won in the Sejong A constituency to sit as the party's only member in the National Assembly but later left the party on 1 September.[10]
On 18 May 2025, Lee Seok-hyun, a close ally of Lee Nak-yeon who had helped found the party, left the party declaring his support for Lee Jae-myung of the Democratic Party in the 2025 presidential election.[11]
In the 2025 South Korean presidential election, party founder Lee Nak-yon declared his support for Kim Moon-soo of the People Power Party, drawing criticism from both within the party and the Democratic Party.[12][13] Former co-leader Kim Jong-min strongly criticized the endorsement referring to it as "an alliance that should never have been established."[14]
Remove ads
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".[15]
Election results
References
Wikiwand - on
Seamless Wikipedia browsing. On steroids.
Remove ads