New Wave (political party) explained

New Wave
Native Name:새로운물결
Colorcode:
  1. 02BB71
Foundation:28 August 2021
Dissolved:15 April 2022
Merged:Democratic Party of Korea
Leader:Kim Dong-yeon
Secretary General:Park Gi-tae
Leader2 Title:Central Planning
Leader2 Name:Moon Woo-sik
Leader4 Title:Chair of the Policy Planning Committee
Leader4 Name:Sim Jae-seong
Ideology:Reformism
Membership:unknown
Membership Year:2021
Colors: Green
Yellow green
Blue
Position:Centre[1]
Country:South Korea
Hangul:새로운
Rr:Saeroun Mulgyeol
Mr:Saeroun Mulkyŏl

The New Wave (abbreviated as) was a self-proclaimed centrist political party in South Korea created to assist in Kim Dong-yeon's run in the 2022 South Korean presidential election.

History

The New Wave Party was formed in October 2021 to assist career civil servant and former Deputy Prime Minister Kim Dong-yeon's run in the 2022 presidential election. "As long as the current political ecosystem dominated by the two major parties remains, it is impossible to resolve structural problems that Korea has been suffering from for the past 20 years," Kim said during the party's founding ceremony. Kim denied merging his new party with the two ruling parties in Korea, the Democrats and People Power.[2] [3]

Cho Jung-hoon, proportional representative Member of Parliament for Transition Korea, expressed his support for the creation of the Party.

On 24 October 2021, the Party adopted four key "visions:"

On 7 April 2022, party leader Kim Dong-yeon agreed to merge the New Wave with the Democratic Party of Korea to promote change in politics and national unity.[4] The merger was completed by 15 April 2022.

Election results

ElectionLocationCandidateVotes%PlaceResult
2022 PresidentNationwideKim Dong-yeon00%Withdrew
2022 By-ElectionParliament; Jong-ro DistrictSong Moon-hee5350.56%7 of 12Loss

Notes and References

  1. Web site: 김동연 "새로운 물결 창당…정치 교체하겠다" (Kim Dong-yeon launches new Party "Founded New Wave… Politics will change.") . iDaegu. 28 August 2021.
  2. Web site: Kim Dong-yeon, career civil servant seeking to create 'new wave' in Korean politics. 29 October 2021.
  3. Web site: (2nd LD) Ex-ruling party leader vows to support Lee Jae-myung's presidential campaign. 24 October 2021.
  4. Web site: Ruling DP and Minor NWP Agree to Merger.