The Korea Independence Party (KIP; Korean: 한국독립당) was a political party in South Korea.

The party was established in Shanghai by Kim Koo in 1928, uniting a faction of conservative members of the Provisional Government of the Republic of Korea headed by Kim.^[5] When Kim was able to return to Korea in 1945, the KIP began operating in the country. Kim was initially supportive of Syngman Rhee, but a dispute over holding separate elections in South Korea (Kim was opposed, Rhee was for) led to a split and the party did not participate in the 1948 parliamentary elections in South Korea. However, Kim was a candidate in the indirect presidential elections in July 1948, losing heavily to Rhee.

When Kim was assassinated in 1949, the party went into a sharp decline. It participated in the 1950 parliamentary elections, but received only 0.3% of the vote, failing to win a seat. It received the same vote share in the 1960 elections, again failing to win a seat. It nominated Chŏn Chin-han [ko] as its candidate for the May 1967 presidential elections; he finished fifth in a field of six candidates with 2.1% of the vote. Despite increasing its vote share to 2.2% in the June 1967 parliamentary elections, the party remained seatless.