Basic Income Party

The Basic Income Party (Korean: 기본소득당) is a single-issue political party[1] in South Korea advocating for a basic income.

Not to be confused with Basic Income Alliance.
Basic Income Party

기본소득당
LeaderPark Ki-hong (acting)
Secretary-GeneralPark Ki-hong
Founded19 January 2020
Split fromLabor Party
Membership (2020) 19,104
IdeologyBasic income[1]
Factions:
Social democracy
Social liberalism[2]
National affiliationPlatform Party (until 2020)
Colors     Salmon
Seats in the National Assembly
1 / 300
Municipal mayor and Gubernatorial
0 / 17
Municipal Mayors
0 / 226
Seats within local government
0 / 2,926
Website
https://www.basicincomeparty.kr/

History

The Basic Income Party came into existence when the ninth leadership board of the Labor Party led by Yong Hye-in resigned on July 15.[3] Before the official founding of the party on January 19, 2020, the Basic Income Party began establishing local chapters of the party across the cities and provinces of South Korea with the catch phrase ₩"600,000 a month for all."[4][5] The party announced via their Facebook page on November 7 that they reached 5000 members.[6] The party officially registered with the National Election Commission on January 19, 2020. The party puts a strong emphasis on that their members are mostly young adults.[7]

The party joined the Platform Party on March 21, 2020 for the 2020 South Korean legislative election. Two candidates ran for proportional representation.[8] Yong Hye-in was elected.

Ideology

The party advocates for the implementation of a ₩600,000 (roughly equivalent to 500 United States dollars) per month basic income for all citizens of South Korea.[9]

References
  1. "한국 최초 '원이슈 정당' 기본소득당 창당 발기인 대회 (South Korea's first 'one-issue political party,' the promoter of the foundation of the Basic Income Party.)". Ohmynews. 2019-09-09.
  2. "South Koreans are unhappy with the pace of political change". The Economist. 2020-04-08. ...In the election she is running as a candidate for the Basic Income Party, a small outfit with a socially liberal agenda advocating feminism and gay rights alongside its main...
  3. "[9기 대표단 마지막 편지] 노동당 혁신의 걸음을 멈춥니다. - 노동당 :: 당원게시판". laborparty.kr (in Korean). Retrieved 2020-04-15.
  4. 미디어오늘 (2019-09-10). "창당 나선 기본소득당 "모두에게 60만원을"". 미디어오늘 (in Korean). Retrieved 2020-04-15.
  5. 지면보기, 입력 2019 11 16 00:02 수정 2019 11 16 00:12 | 661호 16면 (2019-11-16). ""전 국민에게 매달 60만원 지급…20대 힘으로 세상 바꿀 것"". 중앙일보 (in Korean). Retrieved 2020-04-15.
  6. "기본소득당". www.facebook.com. Retrieved 2020-04-15.
  7. ""모두에게 월 60만원"… 평균 연령 28세 '기본소득당' 창당". 여성신문 (in Korean). 2020-01-22. Retrieved 2020-04-15.
  8. "기본소득당 "더불어시민당 참여 확정, 비례후보 2명 내기로"". 한국일보 (in Korean). 2020-03-21. Retrieved 2020-04-15.
  9. 조정호 (2019-12-18). "기본소득당 21일 부산 창당…전 국민 월 60만원 지급 공약". 연합뉴스 (in Korean). Retrieved 2020-04-15.
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