Popular Party (South Korea) The Popular Party was a left-wing political party of South Korea from 1989 to 1992.History A part of socialist movements in the late 1980s, the party was formed by the former member of Hankyoreh Democratic Party and Party of the People . HDP, which was originally formed in 1988, lost its sole elected representative , Park Hyung-oh , and kept declining. PotP was also in difficulties with its minority status. This environment stimulated the pan-alliance of left-wings. The party was founded on 10 November 1989 with its unofficial name, Preparation Group for the Establishment of Progressive Popular Party , and officially formed on 10 November 1990 as Popular Party . That day, they also elected Lee Woo-jae as its Permanent President, Kim Sang-ki and Kim Nak-joong as Co-Presidents, Jang Gi-pyo as Chairman of Policy, and Lee Jae-oh as Secretary-General. During the local elections in 1991 , 42 candidates ran under the banner of PP, and only 1 was elected. In the general election in 1992 , 51 were running, and no one was elected. The party was immediately deregistered under the electoral law. Many of members changed their ideology to right . Notable figures i.e. Kim Moon-soo , Lee Jae-oh, and Cha Myong-jin , later joined right-wing Democratic Liberal Party , and now as members of its successor Liberty Korea Party . Lee Woo-jae, who was also one of them , later joined Uri Party , but subsequently retired. Only few members including Roh Hoe-chan , remained as left.Policies The party advocated planned economy , and sought for the nationalisation of industries, financial institutions, natural resources , and land. It also supported the labour policies of Swedish Social Democratic Party . The party refused to merge with Democratic Party , although they considered about electoral alliances.1992 election manifestos The party announced its 15 manifestos for 1992 election.General election Local election
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