South Korea's third largest party -- the Bareun Mirae Party -- has elected two-term lawmaker Oh Shin-hwan as its new floor leader.<br />In a two-way race on Wednesday,... Oh received the majority of votes from the 24 lawmakers present.<br />He'll take the baton from Kim Kwan-young -- who stepped down over heightened tensions within the party,... following the recent fast-tracking of key reform bills.<br />Kim had replaced some of his party's lawmakers on key parliamentary committees -- that had been against the move and said would vote against it.<br />The new floor leader will be tasked with bringing the party together as well as preparing for next year's general elections.<br />In his acceptance speech, Shin vowed to work on pending bills related to improving people's livelihoods. <br />