LH was established to improve quality of life and develop the national economy by creating stable housing for the country’s citizens and efficiently utilize national land.

Major Duties
- To construct and supply decent and affordable housing to those in need, improving their living environment, as well as to implement tailored residential welfare programs
- To develop residential areas, new towns, multi-functional administrative cities, innovation cities, as well as to execute projects aimed at regenerating cities in order to create comfortable residential spaces within urban environments
- To develop industrial and logistics complexes, including the Kaesong Industrial Complex, FEZs, and overseas land to boost national competitiveness and create employment
- To perform land reserve and management, rental housing management, and land and housing informatization