SEOUL, April 12 (Korea Bizwire) – Lotte Group said Sunday it plans to relocate the offices of its founder and chairman to a 123-story skyscraper under construction in southeastern Seoul, in an apparent bid to ease the public’s concerns over the building’s safety. Under the plan, group founder Shin Kyuk-ho, and his son Dong-bin, the [...]
SEOUL, March 17 (Korea Bizwire) – Sinkholes, dropping water levels at the nearby Seokchon Lake and frequent safety accidents at Korea’s tallest skyscraper have raised questions about its safety. To dispel concerns over Lotte World Tower, which is scheduled to be completed by the end of next year, Lotte Group is contemplating the establishment of a [...]
SEOUL, March 16 (Korea Bizwire) — Lotte Group‘s construction of the 123-story Lotte World Tower is nearing completion, as the building reached its 100th floor on March 14. There are currently 20,000 regularly employed personnel and 4 million workers per year building the massive project, which requires high precision engineering. Here are some interesting facts about [...]
SEOUL, Jan. 29 (Korea Bizwire) — Residents at the Lake Place apartment complex close to Seokchon Lake in Jamsil, Seoul changed the street name in their address from ‘Seokchon Lake Street’ into ‘Jamsil Street’, out of fear that the name ‘Seokchon’ might have a bad impact on housing prices. Seokchon Lake has been at the center of [...]
SEOUL, Jan. 27 (Korea Bizwire) — For the mental and physical health of its employees in the service industry, Lotte Department Store has prepared a rest and welfare facility for staff which is of the highest level in the industry. The ‘Salt Room’, which is a staff lounge situated on the first basement floor at the [...]
SEOUL, Aug. 7 (Korea Bizwire) – Another sinkhole nearby a skyscraper under construction adds an air of anxiety among residents of Songpa district, one of the most affluent regions in Seoul, where four sinkholes already appeared in two months. On August 5, the latest sinkhole appeared in the middle of a six-lane street in Songpa District just [...]