SEOUL, Feb. 1 (Korea Bizwire) – Hyundai Motor Group’s new headquarters building to be constructed in southern Seoul by 2021 will be the country’s tallest, a district office said Wednesday. Its draft document for environmental impact assessment submitted to the Gangnam Ward Office showed that the main building of the planned Global Business Center (GBC) [...]
SEOUL, Dec. 5 (Korea Bizwire) – Lotte Corporation announced Monday the winners of its second Lotte World Tower-themed photography contest. The building is a 123-story, 555-meter high skyscraper that is currently the tallest building in the country, and the fifth tallest in the world. First prize went to Kim Seung-rae for his Lotte World Tower [...]
BUSAN, July 6 (Korea Bizwire) – A 5.0-magnitude underwater earthquake with an epicenter only 52km off the coast of Ulsan was detected Tuesday night at 8:33 p.m. Although no casualties or damages resulted from the event, the tremor was sensed across the nation, and citizens in Ulsan and nearby regions panicked as they felt the ground [...]
SEOUL, June 17 (Korea Bizwire) – While investigations into Lotte Group, one of Korea’s top five conglomerates, regarding slush funds are marring its reputation, the “skyscraper curse”, a popular belief that a country or a company that constructs a skyscraper eventually confronts a mishap, is in the public eye. Construction on the second Lotte World (Lotte [...]