Politics · South Korea · 19 hrs ago
LH plans 20,528 affordable rental homes across Seoul over three years
South Korea’s Korea Land and Housing Corp., known as LH, plans to recruit tenants for 20,528 rental homes across Seoul’s 25 districts over the next three years.
The homes will be offered below market rates, with 14,558 intended for young people and 3,398 for newlyweds.
LH buys newly built or existing homes and provides them as public housing.
Dongdaemun District is set to receive the most homes, with 1,920, followed by Guro with 1,900.
The plan is part of efforts to provide housing for people who need it, and LH says these homes can be occupied within one to two years of construction starting.
LH says it plans to begin construction this year on 40,000 homes across the greater Seoul region, including at least 10,000 in Seoul.
It expects residents to begin moving into those homes from late next year.
LH plans to recruit tenants for 20,528 affordable rental homes across Seoul over the next three years.
The homes will be offered across all 25 districts of the city.
Young people are allocated 14,558 homes, while newly married couples are allocated 3,398.
Dongdaemun District has the largest planned supply, with 1,920 homes.
LH says the homes will be bought from private developers after construction or acquired from existing housing and rented below market rates.
- Who
- Korea Land and Housing Corporation (LH).
- What
- It plans to recruit tenants for 20,528 affordable rental homes in Seoul over three years.
- When
- The plan was announced on October 11, 2026; the three-year period was not given specific start and end dates.
- Where
- Across Seoul’s 25 districts.
- Why
- The homes are intended to provide housing below market rates to young people, newly married couples and others.
This story does not have two clearly opposing sides.
Under the government's housing stability plan, we will concentrate the supply of rental homes for young people, newly married couples and other people with actual housing needs in the Seoul metropolitan area and Seoul by 2030, so that they can feel the impact.
LH says it introduced policy changes, including stronger support for private developers' initial project costs.
LH announced plans to recruit tenants for 20,528 rental homes across Seoul over the next three years.
LH plans to begin construction on at least 40,000 homes in the Seoul metropolitan area, including at least 10,000 in Seoul.
LH plans to begin occupancy for homes covered by this year's agreements.
- Total planned homes
- 20,528
- Young people
- 14,558 homes (70.9%)
- Newly married couples
- 3,398 homes (16.6%)
- Largest district allocation
- Dongdaemun District: 1,920 homes
- Planned areas
- Seoul’s 25 districts
Sources
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