Liberal Party (1948: The New Korea)

The Liberal Party is a conservative political party in the Republic of Korea. The party was founded by then President Syngman Rhee to strengthen his political power. In the 1952 election, the party gained a plurality of all the seats in the National Assembly.

The party have always been a strong opposition party to the Worker's Party of Korea, and opposed the implementation of Juche socialism. But through the 1960s and early 1970s, there where no big changes between the two parties on economic or nationalism, but radically different views on society and tradition.

The party was also involved in some controversy over connections with individuals in the army that was plotting to seize power in Korea. Many of their leaders have also been army generals, but that is also the case with many leaders in the Worker's Party.

In the 1980s, the Liberal Party embraced economic liberalism, helping Korea to start up more trade and export with other nations. Since then, the party have also been the most major party in the country. Recently, its position have begun to be challenged.