Korean Independence Party (1948: The New Korea)

The Korean Independence Party are a liberal political party in the Republic of Korea. The party was formed in 1948 out of the Korean Independence movement, and became quickly the party for people that wanted Korea free from both Soviet and American influences. This longing for a Korea free from foreign influences would later be adopted by the left-wing Worker's Party and the right-wing Liberal Party.

Originally, the party had both liberal and conservative members, but in 1951, the conservatives, lead by President Syngman Rhee, would form the Liberal Party, a right-wing conservative and anti-communist party.

The KIP have remained a major party through all its history, but have sometimes been reduced to a third party.