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Liberty Korea Party

Liberty Korea Party
자유한국당
Jayuhangukdang
Spokesperson Kim Young Woo
Kwon Eun Hee
Park Dae Chul
Interim leader In Myung-jin
Floor leader Jung Woo-taek
Founded November 21, 1997 (Grand National Party)
February 2, 2012 (Saenuri Party)
February 13, 2017 (Liberty Korea Party)
Merger of New Korea Party
Democratic Party (1995)
Headquarters 18, Gukhoe-daero 70-gil
Yeongdeungpo-gu, Seoul
149-871
Membership  (2014) 2,708,085
Ideology Conservatism
Neoliberalism
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
93 / 300
Municipal mayor and Gubernatorial
6 / 17
Seats within local government
1,944 / 3,913
Website
www.libertykoreaparty.kr
Liberty Korea Party
Hangul
Hanja
Revised Romanization Jayuhan-gukdang
McCune–Reischauer Chayuhan'gukdang
Saenuri Party
Hangul
Revised Romanization Saenuridang
McCune–Reischauer Saenuridang
Grand National Party
Hangul
Hanja 한나라
Revised Romanization Hannaradang
McCune–Reischauer Hannaradang

The Liberty Korea Party Hangul자유한국당; HanjaJayuhangukdang; lit. Korean Free Party) is a centre-rightpolitical party in South Korea. Until February 2017, it was known as the Saenuri Party (Hangul새누리당; lit. New World Party), and prior to that known as the Hannara Party (Hangul한나라당; lit. Grand National Party), 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 27 December 2016.

The party was founded in 1997 as a merger of United Democratic Party and New Korea Party. Its earliest ancestor was the Democratic Republican Party under the authoritarian rule of Park Chung-hee in 1963. Upon 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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