KCNA also said that Clinton "courteously" conveyed a verbal message from Barack Obama, the US president.
The White House denied the report.
"That's not true," Robert Gibbs, the White House spokesman, told reporters in Washington.
North Korean authorities say the two female reporters crossed illegally to its side of the border with China, although other reports have suggested the two were on the Chinese side when they were arrested.
North Korea's official media also said Ling and Lee admitted to a politically motivated smear campaign against the country.
|Clinton, front left, is the highest-profile American to visit Pyongyang in a decade [AFP]
It said they crossed the border illegally "for the purpose of making animation files to be used for an anti-DPRK [North Korea] smear campaign over its human rights issue".
Analysts say the sentences appeared unusually harsh and seemed to back up views that the journalists could be used as a bargaining chip by the North in its nuclear standoff with the US.
The pair worked for the California-based Current TV, co-founded by Al Gore, who was Clinton's vice-president.
Clinton's visit has raised speculation that he may raise other issues with the North Koreans beyond the release of the two journalists.
But David Axelrod, the Obama adviser, told MSNBC that Clinton was on a "private humanitarian mission" and that "I don't think it's related to other issues".
Relations between North Korea and the US have worsened following Pyongyang's second nuclear test on May 25 and consequent United Nations sanctions.
North Korea has pulled out of six-party talks on its nuclear programme, expelled nuclear inspectors and test-fired a barrage of missiles in defiance of the sanctions.
It has also repeatedly issued bellicose rhetoric against South Korea and the US, but indicated last week that it was open to direct talks with Washington.
The US, however, has maintained that the six-party arrangement is the appropriate forum for dialogue.
Speaking to Al Jazeera, Richard Broinowski, a former Australian ambassador to South Korea, said he believed Clinton could be on broader mission to find a new way for the US to engage with the North Korean leadership after years of escalating tensions.
|Clinton's visit follows months of escalating tensions on the Korean peninsula [Reuters]
"Things have been spinning out of control in North Korea," he said, noting recent allegations over its military connections to Myanmar connection, rising anti-North Korean enmity in Japan, and uncertainty in South Korea.
"All of these add up to a situation that is very tense and that could become some sort of trip wire for an unintended conflict," Broinowski said.
In such a situation, he said, it was possible that Clinton could act as a "circuit-breaker" opening the way to renewed talks with North Korea, rather than confrontation.
Clinton's visit is the second time a former US president has headed to North Korea to try to defuse a crisis.
Former president Jimmy Carter flew to Pyongyang in 1994 when tensions were running high, again over the North's nuclear weapons programme.
Aides to Clinton's wife Hillary, the US secretary of state, said they would have no comment on the visit until he had left Pyongyang.
"While the mission is in progress, we will have no comment," one official was quoted as saying.
"Our interest here is the successful completion of the mission and the safe return of the journalists."