On 5 February 2022, it was announced that the unregistered Socialist Revolutionary Workers' Party agreed to merge with the Labor Party in order to create a unified socialist vision for the 2022 South Korean presidential election under candidate Lee Baek-yoon.

The Labor Party officially supports "definitely left-wing politics", "environmentalism" and "democratic socialism".

[2] LP also showed a centre-left social democratic character until it absorbed the Socialist Revolutionary Workers' Party.

[3] Major Labor politicians are critical of "liberal politics" (mainly seen in the Democratic, Justice, and Progressive Parties), and hold that true progressivism is only possible through socialism.

According to him, the Progressive Party, classified as far-left in the South Korean political context, has "given up" socialism.