The Socialist Party (Korean: 사회당; Hanja: 社會黨; RR: Sahoedang; MR: Sahoetang; SP) was a minor left-wing political party in South Korea, founded in 1998. It advocated an ideology of socialism, social republicanism, peace and environmentalism. On 19 February 2012, at its final Sixteenth Party Congress, the Socialist Party voted by 404 votes to 54 to merge with the New Progressive Party. The party was formally dissolved on 4 March 2012. The People's Victory 21 (Korean: 국민승리21) party (the later DLP) was formed in preparation for the presidential election of 1997. This was an attempt to unite South Korean progressives in a single party, but dissenting progressives who focused on class struggle argued that there was an excess of nationalism in the VoP21 platform. As an example, they pointed to the slogan of Kwon Young-ghil, VoP21's presidential candidate, "Stand up, Korea!" (Korean: "일어나라 코리아!"). After the election, these dissenting progressives formed the "Youth Progressive Party" (Korean: 청년진보당). More information...
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