Unlikely allies unite to challenge South Korea’s political duopoly



Briefings Unlikely allies unite to challenge South Korea’s political duopoly New party seeks to capture disillusioned voters from major parties, but doubts about the new entity’s longevity remain KOREA PROFebruary 12, 2024 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Former People Power Party leader Lee Jun-seok (left), June 12, 20222 and former Democratic Party leader Lee Nak-yeon, May 10, 2017 \| Image: People Power Party and Wikimedia Commons, edited by Korea Pro Four minor opposition political parties have decided to merge to form the New Reform Party ahead of the April general elections. The new party, set to be co-led by former Prime Minister and Democratic Party (DP) leader Lee Nak-yon and former People Power Party (PPP) leader Lee Jun-seok, aims to present a unified front in the upcoming parliamentary elections. Lee Nak-yon will also head the party’s election preparation committee, with an official merger ceremony scheduled after the Lunar New Year holiday. The choice of naming the new entity the New Reform Party, a name representing Lee Jun-seok’s new party, suggests © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01Trump’s Korea investment victory lap masks safeguards Seoul still controls 02North Korean POW dispute tests Seoul-Kyiv trust and future Ukraine policy 03South Korea’s CPTPP push exposes the cost of turning trade gains into consensus 04AI storage boom gives South Korea battery makers an EV overcapacity lifeline 05South Korea’s Mexico strategy runs into the hard limits of USMCA politics 06Preschool test ban forces South Korea’s English hagwons to rethink placement 07Lee Jae Myung’s Wall Street pitch tests South Korea’s capital market credibility 08US midterm clock raises stakes for South Korea’s $200 billion investment talks

Briefings

Unlikely allies unite to challenge South Korea’s political duopoly

New party seeks to capture disillusioned voters from major parties, but doubts about the new entity’s longevity remain

KOREA PROFebruary 12, 2024

Unlikely allies unite to challenge South Korea’s political duopoly

Former People Power Party leader Lee Jun-seok (left), June 12, 20222 and former Democratic Party leader Lee Nak-yeon, May 10, 2017 | Image: People Power Party and Wikimedia Commons, edited by Korea Pro

Four minor opposition political parties have decided to merge to form the New Reform Party ahead of the April general elections. The new party, set to be co-led by former Prime Minister and Democratic Party (DP) leader Lee Nak-yon and former People Power Party (PPP) leader Lee Jun-seok, aims to present a unified front in the upcoming parliamentary elections. Lee Nak-yon will also head the party’s election preparation committee, with an official merger ceremony scheduled after the Lunar New Year holiday.

The choice of naming the new entity the New Reform Party, a name representing Lee Jun-seok’s new party, suggests

Unlikely allies unite to challenge South Korea’s political duopoly

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