The Democratic Party (Korean: 더불어민주당) is the ruling political party of South Korea following its victories in the 2017 presidential election, 2018 local elections and the 2020 National Assembly election. It should be understood that the Democratic Party, while technically founded in 2014, is part of a lineage of parties that originated from the conservative 1955 Democratic Party.[9] Parties in this lineage gradually shifted their ideology over the course of decades, and the 2014 Democratic Party is considered to be a big tent party comprising both centrist[10] and liberal factions.[11]