Defunct The Democratic Republican Party (Korean: 민주공화당; Hanja: 民主共和黨; RR: Minjugonghwadang; DRP) was a conservative, broadly corporatist[2] and nationalist[1] political party in South Korea, ruling from shortly after its formation on February 2, 1963[6] to its dissolution under Chun Doo-hwan in 1980.

Under the control of Park Chung Hee, President of South Korea from his military coup d'état of 1961 until his assassination in 1979, the party oversaw a period of corporatism and developmentalism, known as the "Miracle of the Han River", where a predominantly poor and agrarian country was transformed into an industrial "tiger economy".

The combination of state and corporate chaebol power pioneered by the party[7] continues to be deeply built into the foundations of the South Korean economic system.

Following the promulgation in October 1972 of the Yushin Constitution, which implemented numerous authoritarian centralizing measures such as the direct appointment of a third of the National Assembly by the President, the DRP assumed an unprecedented level of political power.

After Park's assassination on 26 October 1979 and the seizure of power by Chun Doo-hwan in the coup d'état of December Twelfth, the DRP was dissolved on 1 September 1980, and nominally superseded by the Korean National Party.