Korea Land & Housing Corporation (LH) will accept applications from Sept. 29 to Oct. 28 for its 2026 public land reserve purchase program, launched with the Ministry of Land, Infrastructure and Transport. The program will spend up to 500 billion won ($360 million) acquiring eligible sites in Seoul, Gyeonggi Province and Incheon to secure land ahead of housing and public works projects, ease a metropolitan housing shortage and help stabilize the land market. Eligible properties must cover at least 3,300 square meters and permit apartment construction, while sites with buildings, mortgages or other encumbrances, as well as farmland, forest, parkland and restricted public-project land, are excluded. LH will review demand, zoning, accessibility, location and policy alignment before surveying, appraising and negotiating purchases. Contracts are scheduled for February 2027. The initiative expands LH's broader land reserve strategy, which includes advancing housing projects such as the 2,100-unit Seongdae Baseball Stadium site and plans for further public-development reserve projects.