[Image source=Yonhap News]

[Image source=Yonhap News]

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[Asia Economy Reporter Lee Ji-eun] Park Hyung-jun, chairman of the Innovation Integration Promotion Committee (Innovative Integration Committee, IIC), which is leading the integration of moderate conservatives, announced on the 6th the launch of the Preparatory Committee for the Integrated New Party and stated that the integrated new party will be launched by the 20th. Discussions between the Liberty Korea Party and the New Conservative Party, which are key clues to the formation of the integrated new party, are expected to be concluded within this week.


On the same day, Chairman Park held a press conference at the National Assembly Press Hall and said, "Despite ups and downs, the train of the integrated new party is now on track." He explained, "The Preparatory Committee for the Integrated New Party will conduct compressed discussions to launch the integrated new party as soon as possible," and "According to the IIC’s schedule to launch the integrated new party before the 20th, the Preparatory Committee will decide on various matters related to the new party’s launch, including the party name."


The leadership of the Preparatory Committee will be organized as a five-member co-chair system. Chairman Park said, "The reason for adopting a five-member co-chair system is to embody the meaning and spirit of integration and to clearly establish that it is the only moderate conservative political force," adding, "While the New Conservative Party will participate, for the purpose of concluding party-to-party integration discussions, Committee Member Jeong Un-cheon will participate immediately, and Committee Chairman nominee Jeong Byeong-guk will join once those discussions are settled."


Accordingly, it is expected that the five-member co-chair system will be composed of Park Hyung-jun, Shim Jae-cheol, floor leader of the Liberty Korea Party, Jeong Byeong-guk, member of the New Conservative Party, Lee Eon-ju, former leader of Forward 4.0 Party, and Jang Ki-pyo, preparatory committee chairman of the People's Voice Party. Chairman Park explained, "Political forces and individuals who agree with the purpose of creating a new opposition rallying force that can properly judge the Moon Jae-in administration and advance South Korea to the next level are gathering one after another," and added, "The Preparatory Committee was formed with the agreement of major political forces, more than 600 moderate conservative civic groups, moderate forces from the existing People’s Party and Bareunmirae Party, as well as Governor Won Hee-ryong."



In the subsequent Q&A with reporters, Chairman Park said, "Specific matters should be discussed after the launch of the integrated new party," and explained, "The issue of how to reorganize the Public Relations Committee to fit the integrated new party will also be discussed within the committee." Regarding party-to-party discussions between the Liberty Korea Party and the New Conservative Party, he emphasized, "All issues will be clarified within this week" and added, "There is not much time left for the Preparatory Committee’s activities."


This content was produced with the assistance of AI translation services.

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