Basic Income Party

The Basic Income Party (Korean: 기본소득당; Hanja: 基本所得黨; RR: Gibonsodeukdang; MR: Kibonsodŭktang, BIP) is a single-issue political party in South Korea advocating for a universal basic income (UBI). For the 2024 Parliamentary election, the Basic Income Party formed a coalition with the Open Democratic Party and the Social Democratic Party, called the New Progressive Alliance.

Not to be confused with Basic Income Alliance.

Basic Income Party
기본소득당
基本所得黨
Secretary-GeneralMun Mi-jeong
Standing leaderYong Hye-in
Co-leaderOh Jun-ho
Floor leaderYong Hye-in
Founded19 January 2020
Split fromLabor Party
Membership (December 2020) 19,879
Ideology
  • Single-issue
  • Social liberalism
National affiliationNew Progressive Alliance
Colors  Mint green
  Dark green
National Assembly
1 / 300
Municipal mayor and Gubernatorial
0 / 17
Municipal Mayors
0 / 26
Local Government
0 / 2,988
Website
www.basicincomeparty.kr
  • Politics of South Korea
  • Political parties
  • Elections
Basic Income Party
Hangul
기본소득당
Hanja
基本所得黨
Revised RomanizationGibonsodeukdang
McCune–ReischauerKibonsodŭktang
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