SEOUL, March 14 (Korea Bizwire) — Seoul’s iconic Teheran-ro, the bustling thoroughfare that cuts through the heart of Gangnam District, will soon see dramatic changes to its skyline as city officials remove height restrictions and allow for dramatically increased density in new developments. The Seoul Metropolitan Government announced on March 13 that it has approved modifications [...]
SEOUL, May 21 (Korea Bizwire) – A tense standoff has emerged between Hyundai Motor Group and the Seoul Metropolitan Government over the proposed height of buildings in the forthcoming Global Business Complex (previously Global Business Center) slated for Seoul’s affluent Gangnam district. The discord centers on the maximum number of floors for the tallest skyscraper in [...]
BUSAN, Aug. 17 (Korea Bizwire) – Construction on the long-delayed Busan Lotte Tower began with a groundbreaking ceremony in the southeastern port city Thursday. Lotte Shopping Co., the retail affiliate of Lotte Group, held the groundbreaking ceremony for the 67-story, 342.5-meter skyscraper to be built on the former site of Busan City Hall in the [...]
SEOUL, March 3 (Korea Bizwire) — The overall space authorized by the government for the construction of high-rise buildings has shrunk in the greater Seoul area, while expanding in other provinces, data showed Thursday. The Ministry of Land, Infrastructure and Transport reported that the space authorized for the construction of buildings that are more than [...]
SEOUL, July 31 (Korea Bizwire) — Lotte World Tower, the world’s fifth-tallest building standing 123 stories and 555 meters high, will host an event where participants can enjoy both outdoor and car camping. First, the Roof Zone, encompassing the highest floors of the tower, will offer programs to experience outdoor camping using nets, camping mats, [...]
SEOUL, July 20 (Korea Bizwire) — Lotte World Tower, the latest skyscraper in the country, will showcase an extreme program, allowing visitors to walk on an elevated walkway, the building’s operator said Monday. The elevated pedway connects the two structures of Lotte World Tower, the world’s fifth-tallest building standing 123 stories and 555 meters high, [...]
SEOUL, July 11 (Korea Bizwire) – The number of visitors at the country’s tallest skyscraper built by retail giant Lotte Group has recently topped the 10 million mark, its operator said Tuesday, marking the 100th day of the building’s opening. The 123-story Lotte World Tower, which opened in early April, had a daily average 120,000 visitors, [...]
SEOUL, Jun. 22 (Korea Bizwire) — South Korea’s tallest skyscraper built by retail giant Lotte Group received a green building certificate from a U.S.-based environment organization, Lotte Corp. said Wednesday. The 123-story Lotte World Tower received a Gold rating in the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) system, the conglomerate [...]
SEOUL, Apr. 4 (Korea Bizwire) — South Korea’s tallest skyscraper built by retail giant Lotte Group officially opened to the public on Monday, the group’s operating unit said, marking another milestone for the country’s fifth-largest business empire facing a slew of challenges. The opening ceremony of the 123-story Lotte World Tower was attended by top [...]
SEOUL, Feb. 14 (Korea Bizwire) – Doosan’s ‘We’ve the Zenith’ in Haeundae, Busan, which has been recognized as the tallest building in Korea since construction was completed in 2011, will soon be handing over the title to the Lotte World Tower in Jamsil, Seoul. As of the end of last year, the tallest among completely [...]