A declaration was read out at the inaugural meeting.

It said that capital's wriggling threatens the lives of workers and the reactionary policy sweeps across the land of south Korea and workers are subject to discrimination and exclusion.

Noting that the Workers' Party for Reforming Society was inaugurated for carrying forward the tradition of the working class which has struggled against the capitalists' suppression and plunder, it stressed that the party would struggle for building society free from lay-off and part-time jobs and which guarantees the right to labor, well-being and democracy.

It said that the party would boost an urgent struggle for taking back the funds from the business giants and launch a workers' general strike for defending the people's right to existence.