Yoo Seong-min facts for kids
Quick facts for kids
Yoo Seong-min
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유승민
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Yoo in 2017
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| Member of the National Assembly | |
| In office 27 October 2005 – 29 May 2020 |
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| Preceded by | Park Chang-dal |
| Succeeded by | Kang Dae Sik |
| Constituency | Dong B (Daegu) |
| In office 30 May 2004 – 12 October 2005 |
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| Constituency | Proportional representation |
| Leader of the Bareunmirae Party | |
| In office 13 February 2018 – 14 June 2018 Serving with Park Joo-sun
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| Preceded by | Position established |
| Succeeded by | Kim Dong-cheol (interim) |
| Leader of the Bareun Party | |
| In office 13 November 2017 – 13 February 2018 |
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| Preceded by | Joo Ho-young (Acting) |
| Succeeded by | Position abolished |
| Personal details | |
| Born | 7 January 1958 Daegu, South Korea |
| 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 District, Seongnam, Korea Gaepo-Dong, Gangnam District, 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 |  Byeongjang (Sergeant) |
| Korean name | |
| Hangul |
유승민
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| Hanja |
劉承旼
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| RR | Yu Seungmin |
| MR | Yu Sŭngmin |
| IPA | ju.sɯŋ.min |
Yoo Seong-min (Hangul: 유승민; born on January 7, 1958), also known as Yoo Seung-min, is a South Korean economist and politician. He used to be a member of the National Assembly, which is like the parliament in South Korea.
Yoo Seong-min was also a candidate for president in the 2017 South Korean presidential election. His father, Yoo Soo-ho, was a judge and also a member of parliament.
Contents
Early Life and Education
Yoo Seong-min was born in Daegu, South Korea, and was the youngest child in his family. His father was a farmer who later became a judge and served in politics for eight years.
Yoo studied economics at Seoul National University, one of the top universities in South Korea, and earned his bachelor's degree in 1982. He then went to the University of Wisconsin–Madison in the United States, where he earned his PhD in economics in 1987. His studies focused on how different industries work and economic theories.
Early Career
After finishing his studies, Yoo Seong-min worked as an economist at the Korea Development Institute (KDI) from 1987 to 2000. KDI is a famous research center that helps the government make economic plans.
From 2000 to 2003, he was the president of the Youido Institute. This institute was a "think-tank" for the Hannara Party, which is now known as the Liberty Korea Party. A think-tank is a group that does research and gives advice on political and social issues.
Political Journey
Yoo Seong-min began his political career as a member of the conservative Hannara Party.
First Steps in Politics
He was first elected to the National Assembly in 2004. This was through a system called proportional representation, where parties get seats based on the total votes they receive.
In 2005, Yoo Seong-min became the Chief of Staff for Park Geun-hye, who was a lawmaker and leader of the Hannara Party at the time. Being a Chief of Staff means you are a main advisor and helper to a leader. He was considered a close helper to her. He was elected three more times to represent areas in Daegu.
Yoo later became 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.
Disagreements and New Paths
Yoo Seong-min and Park Geun-hye, who later became president, started to have different ideas after 2007. Yoo openly disagreed with some of President Park's plans, like her idea to increase welfare without raising taxes.
Because of these disagreements, Yoo was not chosen by his party to run in the 2016 South Korean legislative election. President Park even said he was involved in a "politics of betrayal," meaning she felt he was disloyal. However, Yoo decided to run as an independent candidate and won the election with many votes. After winning, he returned to the Saenuri Party.
Yoo was known for being a close supporter of Park Geun-hye earlier in his career. But he later separated from the group of politicians who strongly supported her. This led him to help create a new conservative party called the Bareun Party during a big political event in South Korea.
Bareun Party
Yoo Seong-min played a key role in forming the Bareun Party during the 2016 South Korean political scandal. Many members left the old party to join the Bareun Party, making it the fourth-largest party in the National Assembly.
Running for President in 2017
Yoo Seong-min decided to run for president in the 2017 South Korean presidential election.
Becoming the Party's Candidate
He competed against another politician, Nam Kyung-pil, to become his party's official candidate. Yoo won the Bareun Party's presidential nomination on March 28, 2017.
Campaign Ideas
His campaign focused on two main ideas:
- Being conservative on foreign policy, which means keeping national security strong.
- Calling for reforms in the South Korean economy, meaning making changes to improve it.
Yoo called his approach "warm conservatism." This means he wanted to make changes to the economy while still holding onto traditional conservative values. This was different from the pro-Park Geun-hye group in Korean politics.
Party Members Change Sides
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 Seong-min finished fourth in the election. His strongest support came from 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 Beliefs
Yoo Seong-min is seen as one of the main politicians who supports moderate conservative ideas. This means he holds traditional values but is also open to some changes.
He once gave a lecture at Sungkyunkwan University where he talked about the economy and politics. Yoo said that a "conservative revolution" is needed. He believes this revolution should lead to a kind, fair conservatism based on the idea of a republic.
Yoo explained that a republic is a political system where citizens are free and act with good behavior. They follow laws that protect the public good. He stressed that "justice" is the most important value in a republic.
