New Future Democratic Party
The New Future Democratic Party is a South Korean political party formed by an anti-Lee Jae-myung faction from the Democratic Party led by former Prime Minister Lee Nak-yon. Originally founded as the New Future Party, the party was renamed on 7 September 2024.
History
The party was founded on 4 February 2024 by former Democratic Party leader and Prime Minister Lee Nak-yon, who had grown critical of then Democratic Party leader Lee Jae-myung. The initial leadership consisted of a co-leadership between Lee Nak-yon and Kim Jong-min.The party merged with Lee Jun-seok's newly founded Reform Party on 9 February with new party being led by Lee Nak-yon and Lee Jun-seok. However, on 20 February, Lee Nak-yon and the New Future Party announced their withdrawal from the merger with the New Reform Party, with members who had joined the Reform Party re-joining the re-established New Future Party.
On 11 March 2024, Hong Young-pyo, the member for Incheon Bupyong B in the National Assembly, officially joined the party. An additional two members of the National Assembly; Oh Yeong-hwan and Sul Hoon joined the party on 17 March.
In the 2024 South Korean legislative election, Kim Jong-min won in the Sejong A constituency to sit as the party's only member in the National Assembly but later left the party on 1 September.
On 18 May 2025, Lee Seok-hyun, a close ally of Lee Nak-yeon who had helped found the party, left the party declaring his support for Lee Jae-myung of the Democratic Party in the 2025 presidential election.
In the 2025 South Korean presidential election, party founder Lee Nak-yon declared his support for Kim Moon-soo of the People Power Party, drawing criticism from both within the party and the Democratic Party. Former co-leader Kim Jong-min strongly criticized the endorsement referring to it as "an alliance that should never have been established."