President Lee Jae-myung on the 3rd chaired a meeting to review the recent real estate and stock markets immediately after wrapping up his South America trip and urged the realization of dwellings supply.
Kang Yu-jung, the Chief Spokesperson, said in a written briefing, "After completing the 7 nights and 11 days South America trip, President Lee returned at 11:30 a.m. and went straight to the Blue House."
The meeting that began at 3 p.m. ended only at 10:30 p.m., and President Lee received status reports from Ministers and Chairpersons of the relevant ministries and shared a sense of urgency with the directors and Director Generals in charge of working-level affairs, asking them to actively pursue solutions.
The Spokesperson said, "President Lee emphasized that the slump in dwellings supply that has persisted since 2022 has led to a supply cliff, and that supply and its speed are crucial to overcome it."
He then said, "(President Lee) ordered securing the maximum available supply volume so that as many dwellings as possible can be supplied as quickly as possible, while finding all available administrative measures, as well as financial, fiscal, and regulatory relaxation methods, to swiftly realize supply."
Kang, the Spokesperson, said President Lee asked Prime Minister Han Seong-sook and the relevant Ministers to comprehensively reexamine existing supply measures and to carefully push ahead after looking at realistic public demands from multiple angles.
The Spokesperson said, "As President Lee wrapped up the meeting that lasted more than seven hours, he also ordered that, difficult as it may be, follow-up meetings for additional reports and reviews related to finance and dwellings supply be arranged within 2–3 days."