Returning Home from Overseas Tour... Immediate Check on Real Estate and Stock Market

[Anchor]

President Lee Jae-myung is returning home today (August 3) after an 11-day, 7-nation overseas tour. Immediately upon his return, he plans to preside over inspection meetings regarding real estate policies and the stock market, which experienced severe fluctuations last week.

Reporter Kang Min-u has the details.

[Reporter]

President Lee Jae-myung has departed for home, concluding his overseas trip that included stops in San Francisco, the United States, and three South American countries, following a meeting with ethnic Koreans in Frankfurt, Germany.

It was confirmed through SBS reporting that President Lee plans to preside over a meeting to inspect real estate policies and the stock market immediately upon his return today.

The meeting is expected to be attended by Prime Minister Han Sung-sook, cabinet ministers from related ministries including the Ministry of Land, Infrastructure and Transport and the Financial Services Commission, as well as presidential aides.

Discussions are anticipated as the government's upcoming real estate tax reform proposal is being prepared to increase tax burdens on ultra-high-priced and non-residential homes. A presidential official explained that "overall real estate measures will be addressed."

In addition, response measures for the stock market situation, including the KOSPI which showed unprecedented volatility last week, are expected to be major topics.

In particular, attention is focused on whether discussions will also be held regarding single-stock leverage ETFs, which have been cited as one of the causes of recent stock price volatility.

The conservative opposition party is intensifying its offensive, demanding a parliamentary investigation into the introduction process of leverage ETFs and the resignation of Cheong Wa Dae Policy Chief Kim Yong-beom.

Under these circumstances, President Lee holding a meeting on domestic economic issues right after his return is interpreted as a sign that he will fill the vacuum left by his 11-day overseas tour and focus on domestic issues.

Starting tomorrow, President Lee is also scheduled to receive work reports from 27 ministries, agencies, and committees, including the Ministry of Trade, Industry and Energy, the Ministry of Employment and Labor, the Ministry of Foreign Affairs, the Ministry of National Defense, and the Ministry of Justice.

(Video by Jeong Sang-bo and Ha Ryung | Video Editing by Jang Hyun-gi)
※ Please note: This article was translated by AI and may contain errors.