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Hannara

Liberty Korea Party
자유한국당
Jayuhan-gukdang
Leader Hong Jun-pyo
Floor leader Kim Sung-tae
Secretary General Hong Mun-pyo
Chairman of the Policy Planning Committee Ham Jin-kyu
Founded November 21, 1997 (Grand National Party)
February 2, 2012 (Saenuri Party)
February 13, 2017 (Liberty Korea Party)
Merger of United Liberal Democrats
Future Hope Alliance
Advancement Unification Party
Evergreen Korea Party
Preceded by New Korea Party
Democratic Party (1995)
Headquarters 18, Gukhoe-daero 70-gil
Yeongdeungpo-gu, Seoul
149-871
Membership (2015) 3,020,776 (As Saenuri Party)
Ideology Conservatism
Social conservatism
Political position Centre-right to right-wing
Regional affiliation Asia Pacific Democrat Union
International affiliation International Democrat Union
Colours Red
Seats in the National Assembly
116 / 296
Municipal mayor and Gubernatorial
6 / 14
Seats within local government
1,944 / 3,913
Website
www.libertykoreaparty.kr
Liberty Korea Party
Hangul
Hanja
Revised Romanization Jayuhan-gukdang
McCune–Reischauer Chayuhan'guktang
Korea Party
Hangul
Hanja
Revised Romanization Han-gukdang
McCune–Reischauer Han'guktang

The Liberty Korea Party (Hangul자유한국당; Hanja自由韓國黨; lit. Free Korea Party) is a conservativepolitical party in South Korea. Until February 2017, it was known as the Saenuri Party (Hangul새누리당; lit. New Frontier Party), and before that as the Hannara Party (Hangul한나라당; lit. Grand National Party) from 1997 to 2012, both of which are still colloquially used to refer to the party. The party formerly held a plurality of seats in the 20th Assembly before its ruling status was transferred to the Democratic Party of Korea on December 27, 2016, following the creation of the splinter Bareun Party by former Saenuri members who distanced themselves from President Park Geun-hye in the 2016 South Korean political scandal.

The party was founded in 1997, when the United Democratic Party and New Korea Party merged. Its earliest ancestor was the Democratic Republican Party under the authoritarian rule of Park Chung-hee in 1963. On Park's death, and at the beginning of the rule of Chun Doo-hwan in 1980, it was reconstituted and renamed as the Democratic Justice Party. In 1988, party member Roh Tae-woo introduced a wide range of political reforms including direct presidential elections and a new constitution. The party was renamed in 1993, during the presidency of Kim Young-sam, with the merger of other parties to form the Democratic Liberal Party (Minju Jayudang). It was renamed as the New Korea Party (Sinhangukdang) in 1995, and it then became the Grand National Party in November 1997 following its merger with the smaller United Democratic Party (1996) and various conservative parties.


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