The Basic Income Party (, BIP) is a

single-issue Single-issue politics involves political campaigning or political support based on one essential policy area or idea. Political expression One weakness of such an approach is that effective political parties are usually coalitions of faction ...

political party A political party is an organization that coordinates candidates to compete in a particular country's elections. It is common for the members of a party to hold similar ideas about politics, and parties may promote specific ideological or p ...

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korean Peninsula and sharing a land border with North Korea. Its western border is formed by the Yellow Sea, while its eas ...

advocating for a

universal basic income Universal basic income (UBI) is a social welfare proposal in which all citizens of a given population regularly receive an unconditional transfer payment, that is, without a means test or need to work. It would be received independently of a ...

(UBI).

History

The Basic Income Party came into existence when the ninth leadership board of the Labor Party led by

Yong Hye-in Yong Hye-in (Korean: 용혜인, born 12 April 1990) is a South Korean civil society activist and politician of the Basic Income Party. She was one of the main proponents of the silent march campaign, '' Stay Where You Are'', that originated in ...

resigned on 15 July. Before the official founding of the party on 19 January 2020, the Basic Income Party began establishing local chapters of the party across the cities and provinces of

with the catch phrase ₩"600,000 a month for all." The party announced via their Facebook page on 7 November that they reached 5,000 members. The party officially registered with the National Election Commission on 19 January 2020. The party puts a strong emphasis on that their members are mostly young adults. The party joined the

Platform Party The Platform Party () was a political party and an electoral alliance under the Democratic Party in South Korea formed in 2020 in order to run for party-list proportional representation in 2020 South Korean legislative election. History The ...

(party-list of the

Democratic Party Democratic Party most often refers to: *Democratic Party (United States) Democratic Party and similar terms may also refer to: Active parties Africa *Botswana Democratic Party *Democratic Party of Equatorial Guinea *Gabonese Democratic Party *Demo ...

) on 21 March 2020 for the

2020 South Korean legislative election Legislative elections were held in South Korea on 15 April 2020. All 300 members of the National Assembly were elected, 253 from first-past-the-post constituencies and 47 from proportional party lists. They were the first elections held under ...

. Two candidates ran for

proportional representation Proportional representation (PR) refers to a type of electoral system under which subgroups of an electorate are reflected proportionately in the elected body. The concept applies mainly to geographical (e.g. states, regions) and political divis ...

was elected under the

party-list proportional representation Party-list proportional representation (list-PR) is a subset of proportional representation electoral systems in which multiple candidates are elected (e.g., elections to parliament) through their position on an electoral list. They can also be us ...

. After the election, Yong rejoined the party.

Ideology

The party advocates for the implementation of a

₩ The won sign , is a currency symbol. It represents the South Korean won, the North Korean won and, unofficially, the old Korean won. Appearance Its appearance is "W" (the first letter of "Won") with a horizontal strike going through the cent ...

600,000 (roughly equivalent to 500

United States dollar The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the officia ...

s) per month

basic income Universal basic income (UBI) is a social welfare proposal in which all citizens of a given population regularly receive an unconditional transfer payment, that is, without a means test or need to work. It would be received independently of a ...

for all citizens of

. Although the party has no official ideology, it and its leader Shin Ji-hye have been described as socially liberal, advocating

feminism Feminism is a range of socio-political movements and ideologies that aim to define and establish the political, economic, personal, and social equality of the sexes. Feminism incorporates the position that society prioritizes the male po ...

and

LGBT rights Rights affecting lesbian, gay, bisexual, and transgender ( LGBT) people vary greatly by country or jurisdiction—encompassing everything from the legal recognition of same-sex marriage to the death penalty for homosexuality. Notably, ...

and seeking to improve the

social safety net The social safety net (SSN) consists of non-contributory assistance existing to improve lives of vulnerable families and individuals experiencing poverty and destitution. Examples of SSNs are previously-contributory social pensions, in-kind and fo ...

and remedy social disadvantages.

Election results

President

Legislature

References

External links

* {{basic income 2020 establishments in South Korea Universal basic income in South Korea Political parties established in 2020 Political parties in South Korea Feminist parties Single-issue political parties Liberal parties in South Korea Progressive parties in South Korea Social liberal parties Political parties supporting universal basic income