The Basic Income Party (BIP; Korean: 기본소득당; RR: Gibonsodeukdang) is a single-issue[3] political party in South Korea advocating for a universal basic income (UBI).

"[6][7] The party announced via their Facebook page on 7 November that they reached 5,000 members.

The party puts a strong emphasis on that their members are mostly young adults.

[11] As of 2019, the party advocated for the implementation of a ₩600,000 (then roughly equivalent to 500 United States dollars) per month universal basic income for all citizens of South Korea.

[12] In the March 2022 presidential election the party's candidate, Oh Jun-ho, ran on a policy of a universal basic income of 650,000 South Korean won (then $530) a month for all adults in South Korea.