President Lee Jae-myung will hold a second closed-door meeting on real estate policy on August 7, following a meeting he convened immediately after returning from a trip to the United States and South America.
Chief Presidential Spokesperson Kang Yu-jeong announced on August 5 that "President Lee is scheduled to preside over the second meeting on real estate policy review at 2 p.m. on August 7, as directed during the real estate and stock market review meeting on August 3."
Upon his return, President Lee chaired the initial meeting, receiving reports from ministers and department heads for over seven and a half hours. He instructed that additional reports and follow-up meetings regarding finance and housing supply be arranged within two to three days.
During the first meeting, President Lee emphasized the importance of supply and its speed, stating, "The prolonged shortage of housing supply since 2022 has led to a supply cliff situation." He called for a comprehensive review of existing supply measures, directing that efforts be made to secure as much available housing supply as possible and to explore all administrative, financial, and regulatory measures to expedite supply.
Meanwhile, Kim Yong-beom, head of the Blue House Policy Office, was reported to have discussed housing supply plans for the metropolitan area during a luncheon meeting with Seoul Mayor Oh Se-hoon on the same day.
* This article has been translated by AI.
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