New Party Name Already Out by Yang Hyang-ja... Geum Tae-seop Also "Starting New Party Formation in September"

Former lawmaker Geum Tae-seop has initiated serious discussions about the 'third zone' in politics, and lawmaker Yang Hyang-ja will also establish a new party called 'Hope of Korea (tentative name)' on the 26th. Considering that there are voices within the Justice Party calling for the formation of a new party, there is a possibility of a boom in new party formations in the future. However, if new parties emerge indiscriminately, it cannot be ruled out that a competitive structure among multiple new parties may form.

[Image source=Yonhap News]

On the 15th, former lawmaker Geum said on KBS's 'Choi Kyung-young's Strongest Current Affairs,' "In my opinion, various groups are currently having similar concerns. This applies to inside the Democratic Party, inside the People Power Party, the Justice Party, and also to lawmaker Yang, as well as those outside the political sphere. Once opinions start to be exchanged, we can find common ground, and when opinions differ completely, we can differentiate ourselves. This will work."

He implied that new parties emerging from various places might find commonalities and unite. He added, "Seeing this as forming a 4th, 5th, 6th, or 7th party is just looking at the current phenomenon. Energy will also combine."

On the previous day, lawmaker Yang officially announced the new party name and the schedule for the founding initiators' meeting through her social media. The new party is named 'Hope of Korea,' advocating a 'post-ideological future party.' The Justice Party is also showing movements toward forming a new party centered around lawmaker Ryu Ho-jeong. Considering the possibility of a split within both the Democratic Party and the People Power Party, which are described as being in a 'psychological split' state, the emergence of multiple new parties cannot be ruled out.

Former lawmaker Geum also plans to start the party formation process in September. He said, "Forming a party usually involves creating a preparatory committee and holding a founding initiators' meeting, and legally, the party must be established within six months. We plan to start the formation process around September and complete the work by the end of the year. Since there will be a general election in April next year, this will allow voters to understand what the new party aims to do."

However, current politicians view the success prospects of 'third zone new parties' pessimistically, citing numerous past failures. For example, Park Ji-won, former National Intelligence Service chief who joined Ahn Cheol-soo's new party but later returned to the Democratic Party, said on YouTube's 'Kim Eo-jun's News Factory,' "When election time comes, many new parties sprout up like mushrooms under a wall during the rainy season."

The driving force behind the third zone is the historically largest politically undecided group, but there are many voices expressing doubts about whether those pushing for new party formations can present a vision capable of harnessing this energy. On the same day, Cheon Ha-ram, head of the People Power Party's Suncheon Gap district, said on MBC's 'Kim Jong-bae's Focus,' "There is political energy, but whether those currently mentioned and attempting this can unleash that energy explosively is something we need to watch a bit longer."

Former communication secretary Park Soo-hyun also expressed skepticism about the new party movement on YTN's 'Shin Yul's News Face-off' on the 13th, saying, "A political party requires values, beliefs, and public recognition to become a party that can last a hundred years," expressing doubts about the new party movement.

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