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Yoo Seong-min
유승민
Yoo Seong-min in Gangneung (Cropped).jpg
Yoo in 2017
Member of the National Assembly
In office
27 October 2005 – 29 May 2020
Preceded by Park Chang-dal
Succeeded by Kang Dae Sik
Constituency Dong B (Daegu)
In office
30 May 2004 – 12 October 2005
Constituency Proportional representation
Leader of the Bareunmirae Party
In office
13 February 2018 – 14 June 2018
Serving with Park Joo-sun
Preceded by Position established
Succeeded by Kim Dong-cheol (interim)
Leader of the Bareun Party
In office
13 November 2017 – 13 February 2018
Preceded by Joo Ho-young (Acting)
Succeeded by Position abolished
Personal details
Born (1958-01-07) 7 January 1958 (age 67)
Daegu, South Korea
Citizenship South Korean
Political party People Power (since 2020)
Other political
affiliations
Saenuri (2000–2016; 2016)
Independent (2016; 2016–2017)
Bareun (2017-2018)
Bareunmirae (2018–2020)
New Conservative (2020)
Residences Yong-Gye Dong, Dong-gu, Daegu, Korea
Bundang-gu, Seongnam, Gyeonggi Province, Korea
Gaepo-Dong, Gangnam-gu, Seoul, Korea
Alma mater Seoul National University (BA)
University of Wisconsin–Madison (PhD)
Occupation Politician, economist
Signature
Military service
Allegiance  South Korea
Branch/service Republic of Korea Army
Years of service 1979–1981
Rank ROK Army Byeongjang.png Byeongjang (Sergeant)
Korean name
Hangul
유승민
Hanja
劉承旼
Revised Romanization Yu Seungmin
McCune–Reischauer Yu Sŭngmin
IPA ju.sɯŋ.min

Yoo Seong-min (Hangul: 유승민; born 7 January 1958) is a well-known South Korean economist and politician. He used to be a member of the Korean Parliament. In 2017, he was the presidential candidate for the Bareun Party. His father, Yoo Soo-ho, was also a politician and a judge.

Early Life and Education

Yoo Seong-min was born in Daegu, South Korea, and was the youngest child in his family. His father started as a farmer before becoming a judge and later served in politics for eight years.

Yoo studied economics at Seoul National University, earning his bachelor's degree in 1982. He then moved to the United States to continue his studies. In 1987, he received his PhD in Economics from the University of Wisconsin–Madison. His studies focused on how businesses enter new markets.

After finishing his education, Yoo worked as an economist at the Korea Development Institute (KDI) from 1987 to 2000. He then became the president of the Youido Institute, which is a research center for the Hannara Party (now called the Liberty Korea Party).

Political Career

Joining the National Assembly

Yoo Seong-min first became a member of the National Assembly in 2004. He was part of the conservative Hannara Party.

In 2005, he worked as the Chief of Staff for Park Geun-hye, who later became the President of South Korea. He was seen as a close helper to her. Yoo was elected to the National Assembly three more times, representing areas in Daegu.

He also served as the floor leader for the Saenuri Party (which was the new name for the Hannara Party) in the National Assembly. He stepped down from this role in July 2015.

Changes in Political Views

Yoo and Park Geun-hye started to have different ideas after Park lost the presidential nomination in 2007.

Their differences grew, and Yoo openly disagreed with some of President Park's plans. For example, he did not support her idea of increasing welfare without raising taxes. Because of these disagreements, he was not chosen by his party to run in the 2016 general election. President Park even said that Yoo was being "disloyal."

However, Yoo decided to run as an independent candidate in the 2016 election and won with a large number of votes. After the election, he announced that he would return to the Saenuri Party, which he did.

Yoo was known for first supporting Park Geun-hye closely and then later moving away from her supporters within the party. This led him to help create a new conservative party called the Bareun Party.

Bareun Party

Yoo helped to form a new political group called the New Conservative Party for Reform, which later became known as the Bareun Party. This happened during a major political event in South Korea in 2016.

The Bareun Party had enough members leave their old parties to become the fourth largest party in the National Assembly. Yoo then became "Candidate #4" in the 2017 presidential election.

2017 Presidential Campaign

Becoming the Party's Candidate

Yoo ran for president in the 2017 South Korean presidential election. He competed against another politician, Nam Kyung-pil, to become his party's official candidate. On March 28, 2017, Yoo won the nomination and became the Bareun Party's presidential candidate.

Campaign Ideas

His campaign focused on two main ideas: being strong on foreign policy (meaning keeping the country safe) and making changes to the South Korean economy. Yoo talked about "warm conservatism," which means making economic changes to help people while still holding onto traditional conservative values. This was different from the ideas of the pro-Park Geun-hye group, from which the Bareun Party had separated.

Party Members Leaving

About a week before the presidential election, 13 members of the Bareun Party announced they would go back to the Liberty Korea Party. They believed it was better to support one conservative candidate. However, one lawmaker, Hwang Young-cheul, changed his mind the next day. This event actually helped Yoo's popularity in the polls.

Election Results

Yoo finished fourth in the election. He received the most support in his home area of Daegu.

Personal Life

Yoo Seong-min has an older brother and an older sister. He is married and has two adult children: a son born in 1982 and a daughter born in 1994.

Political Philosophy

Yoo is seen as a leading politician who supports moderate conservative ideas.

He once gave a lecture where he talked about the need for a "conservative revolution." He believes this revolution should aim for a kind, fair conservatism based on the idea of a republic.

Yoo describes a republic as a system where citizens are free and act with good values. They are not controlled by other citizens, but by laws that protect what is good for everyone. He also emphasizes that the most important value in a republic is justice.

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