Democratic Korea Party
|Founded||17 January 1981|
|Headquarters||Seoul, South Korea|
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The DKP was established on 17 January 1981 following a meeting of fourteen former members of the New Democratic Party on 22 November 1980. Yu Chi-song was elected party president, and its candidate for the February 1981 presidential elections, in which he finished second to the incumbent president Chun Doo-hwan.
In the March 1981 parliamentary elections the DKP received 21.6% of the vote, winning 81 seats and emerging as the second-largest party to Chun's Democratic Justice Party. However, in the 1985 elections it was reduced to 35 seats. The party was widely perceived as being under the control of the Chun Doo-hwan's government to preserve the pretense of democratic competition between parties.
The party received just 0.2% of the vote in the 1988 elections, failing to win a seat. It was subsequently deregistered.
- Haruhiro Fukui (1985) Political parties of Asia and the Pacific, Greenwood Press, p666