President Lee to chair real estate, stock market meeting upon return

South Korean President Lee Jae-myung is set to convene an urgent meeting on real estate and stock market issues immediately upon his return from an 11-day tour of South America and the United States. The session, scheduled for the afternoon of August 3rd at the presidential office, underscores the administration's focus on domestic economic stability.

Sources indicate the meeting will address persistent concerns over rising real estate prices and significant volatility in the stock market. This comes as the government prepares to announce its tax reform package in early August. President Lee's direct involvement signals his intent to closely monitor and manage these critical economic sectors.

The gathering will include top economic policymakers, such as Prime Minister Han Duck-soo, Deputy Prime Minister for Economy and Finance Koo Yun-cheol, Minister of Land, Infrastructure and Transport Kim Hyun-mee, and Financial Services Commission Chairman Lee Eok-won, along with Financial Supervisory Service Governor Lee Chan-jin. Their presence highlights the comprehensive nature of the economic challenges being addressed.

Discussions are expected to cover proposed real estate tax reforms and supply measures. Additionally, the volatile stock market, particularly concerning single-stock leveraged ETFs which have drawn criticism for amplifying market fluctuations, will be a key agenda item. The administration aims to formulate concrete actions to stabilize both markets.