Unification National Party

Unification National Party
통일국민당 (Hangul)
統一國民黨 (Hanja)
LeaderChung Ju-yung
Founded3 January, 1992
Dissolved8 July, 1994
Merged intoNew Democratic Party
IdeologyModerate conservatism
Political positionCentre-right
Colours  Green
Party flag
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The Unification National Party (Korean: 통일국민당, romanized: Tongilgugmindang) was a political party which was founded in 1992 by Chung Ju-yung, founder of Hyundai Group.

History

The party was founded in January 1992 ahead of the 1992 legislative election in March, for which Chung announced his candidacy. The use of the word "unification" in the party's name reflects a common theme in earlier South Korean politics to consider Korean reunification an important issue, something which has become less common today.[1] Nonetheless, Chung and his party formed primarily in reaction to the government's strict attempts to regulate chaebol conglomerates and called for economic deregulation and liberalisation.[2] The party also criticised the nascent Gyeongbu high-speed railway as a government fundraising project for the upcoming election.[3] The party succeeded in winning 31 seats,[4] which was the main reason for the ruling Democratic Justice Party's loss of an outright majority.[2]

In the 1992 presidential election held in December, the UNP ran on a primarily economic agenda, criticising both the Democratic Liberal Party (DLP) of Kim Young-sam for falling behind on economic growth as well as Kim Dae-jung for being too "radical."[5] It was speculated at the time that Chung would seek to primarily win over moderately conservative voters from the DLP, particularly the upper-middle class, but his performance was below expectations, obtaining only 16.1% of the popular vote and ending up in third place behind both Kims.[6] After the election defeat, many members of the UNP defected in favour of the ruling DLP.[6]

Sometime after the election, Chung was subjected to financial investigations and, in February 1993, resigned from the National Assembly and left the party while these investigations were ongoing. Chung was eventually sentenced to three years in prison for violating the Election Act and the Aggravated Punishment of Specific Economic Crimes Act. He was found guilty of diverting $62.8 million from Hyundai Group to his political campaigns, although he was not jailed due to his age.[7]

In 1994, the New Political Reform Party merged with the Unification National Party in order to form the New Democratic Party.

Leadership

No. Leader Tenure
1 Chung Ju-yung 8 February 1992 ~ 10 February 1993
Acting Park Young-rok 11 February 1993 ~ 19 February 1993
2 Kim Dong-gil 20 February 1993 ~ 24 February 1993

Electoral results

President

Election Candidate Votes % Result
1992 Chung Ju-yung 3,880,067 16.32 Not elected

Legislature

Election Leader Votes % Seats Position Status
Constituency Party list Total
1992 Chung Ju-yung 3,574,419 17.37
24 / 237
7 / 62
31 / 299
 3rd Opposition

References

  1. ^ He, Baogang (2001). "The National Identity Problem and Democratization: Rustow's Theory of Sequence". Government and Opposition. 36 (1): 97–119. doi:10.1111/1477-7053.00055. ISSN 0017-257X. JSTOR 44482930. S2CID 154204433.
  2. ^ a b Kim, In Chul; Kim, Mahn-Kee; Boyer, William W. (1994). "Privatization of South Korea's Public Enterprises". The Journal of Developing Areas. 28 (2): 157–166. ISSN 0022-037X. JSTOR 4192322.
  3. ^ Nam, Chang-Hee (1995). "South Korea's Big Business Clientelism in Democratic Reform". Asian Survey. 35 (4): 357–366. doi:10.2307/2645800. ISSN 0004-4687. JSTOR 2645800.
  4. ^ West, James M.; Yoon, Dae-kyu (1992). "The Constitutional Court of the Republic of Korea: Transforming the Jurisprudence of the Vortex?". The American Journal of Comparative Law. 40 (1): 73–119. doi:10.2307/840686. JSTOR 840686 – via JSTOR.
  5. ^ Wade, Larry L.; Kang, Sung Jin (1993). "The Democratic Breakout in South Korea: An Informal Game-Theoretic Account". Asian Perspective. 17 (2): 39–70. ISSN 0258-9184. JSTOR 42704021.
  6. ^ a b Kim, Hee-min (1994). "A Theory of Government-Driven Democratization: The Case of Korea". World Affairs. 156 (3): 130–140. ISSN 0043-8200. JSTOR 20672389.
  7. ^ "Hyundai Founder Sentenced For Violating Election Laws". The New York Times. 1993-11-02. ISSN 0362-4331. Retrieved 2021-10-31.