President Lee Jae Myung to Preside Over Closed-Door Meeting on Real Estate
The meeting follows instructions to secure a large supply of housing to rein in soaring prices.
Quick Look
South Korean President Lee Jae Myung will preside over a closed-door meeting this week to review real estate market policies and discuss increasing housing supply to rein in soaring prices.
AI-generated summary
Why It Matters
The government is preparing to announce housing supply measures following soaring housing prices.
SEOUL, Aug. 5 (Yonhap) -- President Lee Jae Myung will preside over a closed-door meeting this week to review real estate market policies, a presidential spokesperson said Wednesday, as the government seeks to increase housing supply.
The upcoming session, set for Friday, follows Lee's instruction Monday to secure a large supply of housing to rein in soaring housing prices.
During the upcoming meeting, officials are expected to discuss housing supply, as the government is reportedly preparing to announce housing supply measures later this week.
What to Watch
AI outlook — possibilities, not facts
The government will announce housing supply measures later this week.
Very likely · Within days
Open Questions
- What specific housing supply measures will be announced?
