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.
