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(From The Korea Herald)
By Kim Hyung-jin Staff reporter The Millennium Democratic Party (MDP) decided yesterday to disband and form a new party to raise its chances in the Dec. 19 presidential election.
In a meeting of its Supreme Council members, the MDP decided to hold an emergency meeting of the Central Party Affairs Committee, a top decision-making panel, today to authorize the plan to form a new party.
The decision came a day after the party suffered a humiliating defeat in the 13 parliamentary by-elections at the hands of its rival, the Grand National Party (GNP).
Roh Moo-hyun, presidential nominee of the MDP, also indicated that he …