The New Korea Party (Sin Han-gukdang) was founded by the merging of Roh Tae-woo’s Democratic Justice Party Kim Young Sam’s Peaceful Democracy Party and Kim Jong-pil’s New Democratic Republican Party to form the Democratic Liberal Party (Minju Ja-yudang). It was renamed the New Korea Party (NKP) in 1995. In 1997 the NKP merged with the United Democratic Party (1996) to form the Grand National Party.
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