The New People's Party of Korea was a short-lived communist party in the People's Republic of Korea. It was formed on 16 February 1946 by Korean Communists who had been exiled in China, later known as the Yan'an faction. The New People's Party had more moderate positions in some issues compared with the Communist Party of Korea, therefore it was rather popular with a wide range of Korean people. The leader of the party was Kim Tu-bong.