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Company History

About LH

Company History

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Company History We make progress every day to advance your tomorrow.
LH is playing a major part in making Korea’s modern history and enhancing the public’s standard of living.

  1. 2022
    • First construction of the 3rd new city started (Gyeyang, Incheon)
    • LH Innovation Declaration and Pledge Ceremony
    • LH ESG management declaration
    • Inauguration of CEO Lee Han-jun
  2. 2021
    • Hanam Gyosan, etc. Achieved 32,000 pre-subscriptions
    • Innovation in all areas of management and business
    • Inauguration of CEO Kim Hyun-jun
  3. 2020
    • Obtained the approval from Hungyen Provincial Committee for the development of Clean Industrial Park in Vietnam
    • Certified by the Ministry of the Interior and Safety as an enterprise with outstanding performance in disaster mitigation
    • Certified by the Ministry of Employment and Labor as an enterprise with outstanding performance in labor-management relations
    • Achieved A grade of the government management evaluation three years in a row from 2017 to 2019
  4. 2019
    • Became the first government-owned corporation to be acknowledged for two consecutive years for its contribution to creating job opportunities
    • Commenced the construction of 'ROK-Myanmar Economic Cooperation Industrial Complex'
    • Signed a preliminary implementation agreement for the development of Abdullah new city in Kuwait
    • Completed the development of Seongnam Pangyo new town
  5. 2018
    • Held a ceremony to declare LH's vision on social value
    • Commenced the construction of the 3rd generation new town
    • Selected 'Sejong Smart City' as a national pilot city
    • Opened 'Housing Environment Research and Innovation Center'
  6. 2017
    • Managed more than one million rental housings units
    • Implemented "Urban Regeneration New Deal Project
    • Opened and managed "Enterprise Support Hub"
  7. 2016
    • Began construction of Smart City
    • Exported Korean-style Smart City to overseas markets Implemented the Central Multi-Family Housing Management
    • Support Office as well as the Secretariat of Central Multi-Family
    • Housing Management Dispute Mediation Commission
  8. 2015
    • Implemented "New Stay" policy
    • Carried out the reformed "Housing Benefit" policy
    • Began construction of Pangyo 2nd Techno Valley
    • Moved HQ office to Jinju Inno-City
      (Province of Gyeongsangnam-do)
  9. 2014
    • Diversified business method(REITs, Agency develop, etc.)
  10. 2013
    • Implemented "Happy Home Project"
  11. 2012
    • First residents of Bogeumjari Housing units moved in Opened LH Land & Housing University
    • Recruited the first round of LH new employees
    • Received the highest ranking (‘excellent’) in customer satisfaction four years in a row
  12. 2011
    • First residents of Sejong-city moved in Opened Je 2 Jayuro Expressway and Gimpo-Hanganro Expressway
    • Confirmed movement of HQ office to Jinju Inno-City
  13. 2010

    First public enterprise to employ senior citizens

  14. 2009
    • LH launched
    • Marked the construction of a total of 2.18 million houses
    • Led the construction of decent and affordable housing
    • Founded the Land Bank
  15. 2008

    Exported Korean-type new towns to overseas markets

  16. 2007
    • Began construction of Sejong City and Innovation Cities
    • Completed first stage of Kaesong Industrial Complex project
  17. 2006
    • Undertook the project to construct the Pyeongtaek International Business Zone
    • First public development of housing land (Pangyo, Seongnam)
    • Launched the Support Center for Rental Housing
  18. 2005
    • Multi-functional Administrative Cities and Innovation cities
  19. 2004
    • Supplied purchased multi-unit tenament rental housing (Seoul)
    • Constructed Korea’s first 10-year public rental apartments (Segyo-dong, Osan)
  20. 2003

    Performed FEZ projects

  21. 2002
    • Expanded regional total development projects
    • Undertook development of national land informatization system project, designated as the Green Building Certification Center
  22. 2001

    Constructed second-phase new towns in the Seoul Metropolitan Area (Pangyo, Dongtan, Gimpo, Paju, etc.)

  23. 2000

    Participated in South-North economic cooperation projects, including the development of Kaeseong Industrial Complex

  1. 1998
    • Approved construction of Korea’s first National Rental Housing (341 houses in Jeongja, Suwon)
    • Purchased corporate land to support corporate restructuring efforts
  2. 1996

    Changed the corporation’s name to the KLC

  3. 1994

    Constructed Jayuro Road(Freedom Road) and Tongildongsan (Unification Hill)

  1. 1989

    Constructed Gwacheon New Town
    (13,522 houses)

  2. 1988

    Constructed Sanggye New Town
    (42,874 houses)

  3. 1986 ~ 89

    Developed industrial complexes

  4. 1980 ~ 84

    Constructed the first-phase new towns in the Seoul Metropolitan Area
    (Bundang, Ilan, Pyeongchon, Jungdong, and Sanbon)

  1. 1979

    Expanded and reorganized the KLC

  2. 1975

    Founded the Land Bank

  3. 1975 ~ 78

    Constructed apartments in Jamsil
    (19,180 houses)

  4. 1971 ~ 79

    Constructed the Banpo apartment complex
    (7,906 houses)

  5. 1971

    Constructed Korea’s, first rental apartments
    (Gaebong-dong)

  1. 1965

    Established land for mass housing construction
    (132,232,000㎡ in Hwagok-dong)

  2. 1962

    Constructed Korea’s first apartment complex (Mapo)

  3. July 1, 1962

    Founded the KNHC

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