Korea's two main opposition groups have finally laid out a course of action for how they'll form a new coalition party.
"Kim Han-gil, the leader of the main opposition Democratic Party, and independent lawmaker Ahn Cheol-soo will be the co-leaders of a preparatory committee in charge of establishing the party."
The agreement comes five days after main opposition Democratic Party leader Kim Han-gil and an opposition group led by independent lawmaker Ahn Cheol-soo announced the merger.
Public interest in the planned merger is especially high due to the potential challenge it could pose to the ruling Saenuri Party in the June 4th local elections, which are seen as a confidence vote for the Park Geun-hye administration.
Ahn, who announced plans last month to form a party of his own, will be in charge of setting up a third, separate political party with the help of DP lawmakers.
"Once preparations for the newly formed party are complete, the DP will immediately merge with it."
The preparatory committee, led by Ahn and Kim,. will have an equal number of members from both the Democratic Party and Ahn's New Political Vision Party.
Starting next week the committee will announce a series of rules for the coalition.
Kim and Ahn are hoping that their alliance will help them pick up seats at the National Assembly and that the party's pick will win the presidential race of 2017.
Ji Myung-kil, Arirang News.