Korean National Party

The party was established on 23 January 1981, following a meeting of 15 former MPs from the Democratic Republican Party and Yushin Political Alliance on 18 December 1980.[1] Kim Chong-cheol was elected party president,[1] and was selected as the party's presidential candidate for the February 1981 presidential elections; he finished third out of the four candidates with 1.6% of the vote.

In the March 1981 parliamentary elections the party received 13.2% of the vote, winning 25 seats and emerging as the third-largest party in parliament. The 1985 parliamentary elections saw the party's vote share reduced to 9.2% as it won 20 seats. Following the democratic revolution in 1987, the party lost all its seats in the 1988 elections, in which it received only 0.3% of the vote. As it was law that a party failing to win a seat and receiving less than 2% of the vote in parliamentary election should be disbanded, the party was officially dissolved.