Korea Economic Party


The Korea Economic Party is a conservative political party in South Korea led by Choi Jong-ho and Kim Kyung-se.

History

The party was founded as the Pro-Ban Unification Party on 14 March 2016, in order to endorse the-then Secretary-General of the United Nations Ban Ki-moon for the upcoming presidential election. In 2016 election, the party nominated 6 candidates — 2 for constituencies and 4 for proportional representations, in which no one was elected.
Following the election defeat, it changed its name to the Pro-Ban Nation Hope Union on 29 November. It again changed to the Party for National Hope on 31 January 2017 shortly after Ban declared to not seek for the presidential election. On 13 April, it then adopted a new name Economic Patriots, with electing the President of Haha Group Oh Young-guk as its presidential candidate. Oh received 6,040 votes, making him as the candidate with the least votes in the presidential election, as well as the least votes since 1948.
The party then reverted its former name on 29 October 2019 and again to the current name on 2 March 2020 as a "refoundation". Prior to the 2020 election, the Gangnam 3rd MP Lee Eun-jae, joined this party, making the party with a parliamentary representation. Lee, who was elected under the Saenuri banner in 2016, joined the Christian Liberal Unification Party after lost at preselection. However, she also withdrew from the CLUP following her elimination due to her Buddhist identity.
After the party did not gain any seats in the election, sources reported that Lee had already exited from the party.

Policies

The party describes itself as a "centre-right" and critical of the United Future Party. Originally a pro-Ban party, it has renounced its pro-Ban stance in 2017.

[2016 [South Korean legislative election|2016 election]] manifesto

For the 2016 election, the party promised a constitutional amendment, from the 5-year non-renewable presidential system to the American-style 4-year renewable presidential system with reinstating the vice presidency.

Korean presidential election|2017 presidential election]] manifesto

Following are a part of the manifestos of Oh Young-guk.
For the 2020 election, the party promised to overcome the coronavirus pandemic, adopting it as its "1st manifesto".

Election results

Presidential elections

General elections