On 8 January 2019, Huh announced he would form a new political party named the National Revolutionary Party (Korean: 국가혁명당).[4] The party was officially formed on 15 August and elected Huh as the party President, as well as its presidential candidate for the next election.[5] It changed to the National Revolutionary Dividends Party (국가혁명배당금당; 國家革命配當金黨) on 21 October.[6]
Following the 2020 election, the party reverted to the current name.[7]
Ideology
In terms of economy, the political stance is compressed into an attempt to achieve a welfare state while maintaining emphasis on a market economy, and citing a social conservative attitude that values cultural morality and existing social conditions. It is also in a position to push strongly against corruption and political reform.
The party President, Huh, criticised both left-wing and right-wing politics as "useless".[2][3] He also added that South Korea needs a "surgery", not a "reform".[4]
The party announced its "33 manifestos" seeking revolutions in various issues, including political, economic, regional and agricultural issues.[5]
Economy
The party added "Dividends" (배당금) to its name due to its manifesto, in which it would like to pay 1,500,000 won (≒ 1,500 USD) to all citizens older than 18 years of age.[6]
The party supports reducing the total number of MPs from 300 to 100.[10] It opposes payment for MPs.[10]
Education
The party seeks an educational reform, including the abolition of the CSAT and school fee system.[11] Huh denounced the incumbent education system as "making talents of fools", saying "Albert Einstein would fail if he applied to Seoul National University."[11]
Controversy
Prior to the 2020 election, the party was widely condemned for having too many pre-candidates convicted of crimes.[12] Kim Sung-ki, who plans to run as the MP candidate for BusanWest-East, had been jailed for 2 years for murder in August 1982.[12] Kim Sung-ho, a pre-candidate for Goryeong-Seongju-Chilgok, was accused of defamation.[12]