The founding congress of the New Reform Party was held on 20 January 2024.

[6] On 24 January 2024, Yang Hyang-ja's Hope of Korea merged into the New Reform Party ahead of the April 10 parliamentary election.

Because its various factions were merged to form a centrist block ahead of the 2024 South Korean parliamentary elections, party members remain divided along ideological lines.

[11] The party claims to be against authoritarianism and statism and seeks to protect liberty.

[12][13][vague] This article about a South Korean political party is a stub.