What is President Lee Jae Myung planning to discuss at the closed-door meeting on housing supply plans?

He is set to hear housing supply proposals from government ministries. The meeting is part of his push for speedy supply measures as the administration tries to cool overheated real estate prices.

Why is the Lee administration pushing housing supply plans now?

The article says housing prices in Seoul and adjacent areas remain prohibitively high, making it a major policy task to rein in the overheated market. Lee also linked the effort to broader supply, financing, and regulatory easing measures.

What housing and tax measures has the government already taken this week?

On Monday, the government introduced tax revisions aimed at increasing the burden on owners of high-value homes. Lee also instructed officials to prepare housing supply plans that could use administrative measures, financing, and regulatory easing.

Lee set to hold closed-door meeting on housing supply plans

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Summary

President Lee Jae Myung was set to hold a closed-door meeting in Seoul Friday at 2 p.m. to discuss housing supply plans. Government ministries were expected to present proposals after Lee ordered officials earlier this week to secure speedy supply. The move comes as Seoul housing prices remain high and the administration plans further measures, including tax revisions and supply measures.

Key Facts

The meeting was set for 2 p.m. on Friday and would be held behind closed doors.
Lee told officials on Monday to secure as much housing supply as possible and to prepare for prompt implementation.
The government unveiled tax revisions on Monday to increase the tax burden on owners of high-value homes.
Housing prices in Seoul and nearby areas remain prohibitively high, which the article says is a major policy task for the Lee administration.

By Yonhap

Published Aug 7, 2026 9:13 am KST
Updated Aug 7, 2026 9:14 am KST

President Lee Jae Myung, front, salutes the flag during a senior presidential secretaries' meeting at Cheong Wa Dae in Seoul, Thursday. Yonhap

President Lee Jae Myung was set to hold a meeting Friday to discuss housing supply plans as the government seeks to cool down heated real estate prices.

At the closed-door meeting set for 2 p.m., government ministries are expected to present housing supply proposals following Lee's instruction to officials earlier this week to secure a speedy housing supply.

Housing prices in Seoul and adjacent areas remain prohibitively high, making it a major policy task for the Lee administration to rein in the overheated real estate market.

On Monday, the government unveiled a new set of tax revisions aimed at increasing the tax burden on owners of high-value homes.

The government is also expected to announce major housing supply plans in the near future.

During a relevant meeting on Monday, Lee instructed officials to "secure as much (housing) supply as possible ... and come up with plans for the prompt implementation of supply measures, including available administrative measures, financing and regulatory easing."

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