Key facts
- President Lee Jae Myung will host ruling Democratic Party lawmakers for a luncheon next week.
- The meeting is scheduled to take place at Cheong Wa Dae.
- The government and the ruling party discussed housing policy and tax code revisions.
- Discussions focused on increasing housing supply in the greater Seoul area.
President Lee Jae Myung is set to host all ruling Democratic Party lawmakers for a luncheon next week at Cheong Wa Dae. This comes after a high-level policy meeting between the government and the ruling party focused on housing policy.
During the policy meeting, Prime Minister Han Seong-sook, DP leader Kim Min-seok, and presidential chief of staff Kang Hoon-sik discussed measures to increase housing supply in the greater Seoul area and related tax code revisions. Kim Min-seok emphasized the need for broader deliberation on proposals that could increase taxes on single-home owners not residing in their properties, suggesting that "various inevitable reasons for not living in the property" should be recognized.