The Liberal Party () was a far-right political party in South Korea. It was founded on 9 March 2020, primarily by figures associated with Newstown, an online media outlet espousing patriotic, "liberal-right" and "System Club," an organisation run by internet political commentator Ji Man-won; Son Sang-yoon assumed the role of party leader. At the time of its founding, the party espoused anti-communism and New Right ideologies.
On 27 November 2023, lawyer Lee Chung-beom acquired the party and completely overhauled its platform into a "third zone" party and renamed it You Are the Flag. However, on 28 December 2023, the former leadership returned, and the party reverted to the name "Liberal Party." On 2 January 2024, an agreement was reached to merge with the Free Korea 21, and a joint press conference on 5 January 2024 announced that the merger would proceed on a party-to-party basis. The merger process was subsequently completed on 24 January 2024 to form the Liberal Democratic Party.
Main election results National Assembly election Year Election District constituencies Proportional representation Total Seats won Vote share Seats won Vote share Seats won Vote share 2020 21st 0 / 253 0% 0 / 47 0.07% 0 / 300 0%
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