Korea Land & Housing Corporation (LH) said on Dec. 10 that it will accept applications for the 2026 public land reserve program.
The public land reserve program is a system in which LH secures land in advance through the LH Land Bank for public utilities such as roads, parks, industrial complexes, and dwellings, and then supplies it when needed.
If selected for the program, LH invests its own funds and exclusively handles the entire compensation process from negotiated purchase to expropriation; once compensation is completed, local governments can use the land after first paying only the contract deposit (10%).
Accordingly, local governments can secure land without separately organizing compensation-related teams or personnel, significantly shortening the project period, and can also resolve concerns over increased project costs caused by prolonged timelines and rising land expenses.
Applications will be accepted from Dec. 10 to Jan. 23 next year, and final selections will be confirmed at the end of Feb. following a review by the Public Land Reserve Deliberation Committee.