A system and method for managing log information is provided. The system includes an index/record/catalog management module that determines if a page to be updated is newly allocated; a storage management module that manages a free page list and a non-committed free page list and, if the index/record/catalog module determines that the page to be updated is newly allocated, allocating a new page from the free page list or the non-committed free page list; and a buffer management module that sets identification information on a buffer page corresponding to the new page.