The New Wave (Korean: 새로운물결, abbreviated as 새물결; Saemulgyeol) was a self-proclaimed centrist political party[1] in South Korea created to assist in Kim Dong-yeon's run in the 2022 South Korean presidential election.

The New Wave Party was formed in October 2021 to assist career civil servant and former Deputy Prime Minister Kim Dong-yeon's run in the 2022 presidential election.

"As long as the current political ecosystem dominated by the two major parties remains, it is impossible to resolve structural problems that Korea has been suffering from for the past 20 years," Kim said during the party's founding ceremony.

[2][3] Cho Jung-hoon, proportional representative Member of Parliament for Transition Korea, expressed his support for the creation of the Party.

On 24 October 2021, the Party adopted four key "visions:"[citation needed] On 7 April 2022, party leader Kim Dong-yeon agreed to merge the New Wave with the Democratic Party of Korea to promote change in politics and national unity.