South Korean President Lee Jae-myung chaired a second review meeting on real estate policy, focusing on supply measures in the Seoul metropolitan area. The six-hour meeting centered on assessing current strategies and identifying areas for improvement. President Lee urged a “transformative” approach, calling for bold and decisive action to address the ongoing housing challenges. Details on specific decisions made during the meeting were provided by presidential aide Kang Yu-jeong. The administration is signaling a potential shift in its real estate policies to increase housing availability. This review indicates a commitment to proactively tackling the complexities of the South Korean housing market and responding to public concerns. Further announcements regarding concrete plans are anticipated following the policy reassessment.

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