Chinbak Yeondae
The Chinbak Yeondae, or formerly People's New Party for Reform, was a political party in South Korea. Former chairman Lee Yong-Hwi tried to establish the New Yeoongnam Party, but he decided to join the Freedom and Peace Party in January 2012. The Freedom and Peace Party changed its name to New Yeongnam and Freedom and Peace Party in January 2012. In March 2012, the party changed its name to The Hannara Party, but the Saenuri Party argued that the Hannara Party stole the Saenuri Party's older name to confuse the conservative voter. However, the South Korean National Party Commission justified the name on legal grounds.
The party gained only 0.85% of the total votes in the 2012 General Election, and thus failed to take a seat in the National Assembly. In South Korea, a party must gain at least 2% of the total vote to take a block seat. Due to having a similar name as the last party, the party gained only 181,748 votes.
After the general election in April 2012, it was cancelled by the National Election Administration Office. Members of the party separated into two parties. Lee Dong-hwi made the Hope! Hannara Party and elected Lee Eun-young as the new chairman. The Hope! Hannara Party changed its name to the People's Party for New Politics in July 2013.