Lee Orders Housing Supply Expansion, Urging Transformative Thinking

President Lee Jae-myung has called for a radical shift in real estate policy, demanding officials break free from conventional thinking to expand housing supply. During a marathon six-hour meeting, Lee urged ministers and department heads to make bold, transformative decisions and take swift action.

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Do not cling to existing ways of thinking, but judge transformatively and think and act boldly.

Lee emphasized the need to maximize housing supply and expedite delivery timelines. He received reports on financial support measures and incentives aimed at encouraging early housing development. The meeting, the second of its kind in four days, saw extensive discussions on broad supply expansion and rapid implementation strategies.

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Prepare measures to maximize the supply volume and bring forward the supply timing as much as possible.

The presidential office stated that the discussions were thorough and covered a wide range of proposals. The government is expected to unveil new real estate supply measures shortly, signaling a proactive approach to the housing market.

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Throughout the six-hour meeting, comprehensive supply expansion and rapid implementation plans were broadly discussed, and careful reviews were conducted.