| New Future Party | |
| Native Name: | 새로운미래 |
| Native Name Lang: | ko |
| Leader: | Jun Byung-hun |
| Leader2 Title: | Chair of the Policy Planning Committee |
| Leader2 Name: | Kim Chan-hoon |
| Secretary General: | Lee Keun-kyu |
| Founded: | 4 February 2024 |
| Split: | Democratic Party of Korea |
| Ideology: | Centrist reformism |
| Seats1 Title: | National Assembly |
| Seats2 Title: | Metropolitan Mayors and Governors |
| Seats3 Title: | Municipal Mayors |
| Seats4 Title: | Provincial and Metropolitan Councillors |
| Seats5 Title: | Municipal Councillors |
| Colours: | Blue Turquoise |
| Country: | South Korea |
The New Future Party is a South Korean political party formed by a splinter group from the Democratic Party led by former Prime Minister Lee Nak-yon.
The party was founded on February 4, 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 February 20, 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 March 11, 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 March 17.[6] [7] [8]
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]