Seoul City said Monday a 690-meter-tall, 133-story multifunctional skyscraper will be constructed in Sangam-dong. Once built, it will be the second highest after the 800-meter-high Burj Dubai, which is under construction, by South Korean developer Samsung C&T. The construction will cost more than 3.3 trillion won ($2.37 billion), the city estimates. To raise funds, 23 local developers signed an MOU at a Seoul hotel Monday with Seoul Mayor Oh Se-hoon attending. "The landmark building will help make Seoul more attractive and become a new tourist attraction here," Oh said. The multifunctional building will have hotels, offices, department stores, convention centers and various recreational facilities including an aquarium and movie theaters.
The highest skyscraper in the world is being built in Dubai.