People Power Party
Overview
The People Power Party (PPP) is a conservative political party in South Korea. It was founded on February 17, 2020, as the United Future Party, and changed its name to the People Power Party on September 2, 2020. It became the ruling party after Yoon Suk Yeol won the 20th presidential election in 2022, but suffered a crushing defeat in the 22nd general election in 2024, transitioning to the main opposition party. Its main ideologies are conservatism, liberal democracy, and market economy, and its policies emphasize economic growth, strengthening security, and deregulation.
Main Content
Founding Background and History
The predecessor of the People Power Party is the Grand National Party (founded in 1997), the Saenuri Party (2012), the Liberty Korea Party (2017), and the United Future Party (2020). In February 2020, the Liberty Korea Party, the New Conservative Party, and Forward for Future 4.0 merged to form the United Future Party, and in September of the same year, the party name was changed to the People Power Party. This decision was made to renew the party's image after a crushing defeat by the Democratic Party of Korea in the April 2020 general election.
Major Policies and Ideology
The People Power Party is based on conservatism and promotes the following key policies:
- Economy: Free market economy principles, deregulation, business-friendly policies, tax reform
- Security: Strong ROK-US alliance, denuclearization of North Korea, strengthening national defense
- Welfare: Selective welfare, emphasis on fiscal soundness
- Education: Strengthening autonomy and competition, maintaining the CSAT system
- Foreign Affairs: Strengthening ROK-US-Japan cooperation, pragmatic relations with China
Key Figures
- Yoon Suk Yeol: 20th President (holds party membership, not involved in party affairs)
- Han Dong-hoon: Former Emergency Response Committee Chair (2023-2024)
- Lee Jun-seok: Former Party Leader (2021-2022)
- Kim Gi-hyeon: Former Party Leader (2023)
- Kweon Seong-dong: Floor Leader (2024-)
Election Results
- 2020 General Election: 103 seats (as United Future Party)
- 2022 Presidential Election: Yoon Suk Yeol elected (48.56%)
- 2022 Local Elections: Won 12 metropolitan government heads
- 2024 General Election: 108 seats (crushing defeat, Democratic Party of Korea 175 seats)
Internal Factions
The People Power Party consists of various factions:
- Pro-Yoon Faction: Supporters of President Yoon Suk Yeol
- Pro-Han Faction: Supporters of former Emergency Committee Chair Han Dong-hoon
- Neutral Faction: Lawmakers not affiliated with any specific faction
- Reformist Conservative Faction: Those advocating for party renewal and reform
Latest Developments
In the April 2024 general election, the People Power Party won 108 seats, suffering a major defeat to the Democratic Party of Korea (175 seats). As a result, the Yoon Suk Yeol government faced a lame duck crisis, and within the party, former Emergency Committee Chair Han Dong-hoon resigned, leading to a leadership reshuffle. In July 2024, the Kweon Seong-dong floor leader system was launched, and the party is seeking differentiation from the government. As of 2025, the People Power Party is focusing on party renewal and policy development in preparation for the 2026 local elections and the 2027 presidential election. Key issues include the medical school quota conflict, real estate policy, and responses to North Korean provocations, while internal conflicts persist over the relationship with President Yoon Suk Yeol. Additionally, ahead of the party leadership election in early 2025, discussions on the next leadership structure are active.
Related Topics
- [[Democratic Party of Korea]]
- [[Yoon Suk Yeol]]
- [[Political parties in South Korea]]
- [[Conservatism]]
- [[2024 South Korean general election]]
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