Upon returning from a trip to the United States and South America, President Lee Jae-myung convened a meeting on August 3 to discuss the real estate and stock markets, addressing concerns over market instability.
President Lee closely monitored the recent rise in rental prices in the metropolitan area and the fluctuations in the stock market. He reportedly instructed officials to enhance investor protection measures for single-stock leveraged exchange-traded funds (ETFs).
After arriving at Seongnam Seoul Airport, President Lee went directly to the Blue House to lead a closed-door meeting. Prime Minister Han Seung-soo and ministers from economic and financial departments attended, providing updates on housing market trends, the impact of tax reforms, and stock market volatility.
It is expected that President Lee emphasized the need for housing policies to prioritize the stability of genuine buyers while ensuring the expansion of supply proceeds without delays.
The Blue House did not provide an official briefing regarding the closed-door meeting.
The government is intensifying monitoring of speculative demand and market disruptions, working to ensure that rising rental prices do not trigger increases in sale prices.
In particular, regarding the stock market, officials likely focused on the price fluctuations of the single-stock leveraged ETFs introduced on July 31 and the potential losses for individual investors. The government plans to strengthen investor information and market oversight by reviewing the product structure, sales processes, and adequacy of risk disclosures.
Based on the discussions from this meeting, the Blue House will direct relevant departments to refine detailed measures and continuously monitor market conditions.
Starting August 4, President Lee will receive reports from various ministries. In the afternoon, he is expected to hear from the Ministry of Trade, Industry and Energy, the Korean Intellectual Property Office, the Ministry of Climate and Energy, the Korea Meteorological Administration, the Nuclear Safety and Security Commission, followed by the Ministry of Employment and Labor, the Ministry of SMEs and Startups, and the Fair Trade Commission, to review follow-up actions from this closed-door meeting.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.