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Lotte Chairman Says 2nd Lotte World Tower to Become Korean Landmark
Korean Landmark
Lotte Chairman Says 2nd Lotte World Tower to Become Korean Landmark
  • By matthew
  • March 25, 2015, 01:00
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The still-under-construction Lotte World Tower as it looked on July 4, 2014. (Photo by Teddy Cross via Wikimedia Commons)
The still-under-construction Lotte World Tower as it looked on July 4, 2014. (Photo by Teddy Cross via Wikimedia Commons)

 

The height of the 2nd Lotte World Tower passed 413.65 meters 4 years and 5 months after it started construction. It is the first building built in Korea to have reached 100 floors.

Chairman Shin Dong-bin of the Lotte Group.Lotte Group Chairman Shin Dong-bin visited the construction site in Jamsil, Seoul, on March 24 and said, “Lotte World Tower will become the landmark of Korea.” 

Shin said, “Finally, we have reached the 100th floor. As the landmark of Korea, we will complete the construction of the 123rd floor.”    

The Lotte Group is planning to finish the construction of the exterior of the 123 floor, 555 meter high Lotte World Tower by the end of this year. It will continue to complete the interior during the next year. The building is expected to be completed by the end of 2016. 

Lotte World Tower, even though it is not yet completed, is currently the 10th highest building in the world. Once completed, it will be the 4th highest in the number of stories and 6th highest in pure distance in the world.

Shin said, “So far, we have invested 4 trillion won [US$3.63 billion] in the 2nd Lotte World Mall, and it will bring 20,000 new jobs in the future. It will also help the economy in Korea beyond the local economy.” 

Lotte World Tower will contain offices, residences, a hotel, an observatory, and an art gallery. 

The Lotte Corporation expects that 1.5 million overseas tourists will visit when Lotte World Tower is completed, along with Lotte World Mall, which was opened last year.

Noh Byung-yong, CEO of Lotte Corporation, said, “With pride to build the landmark of Korea, we will make efforts to create safety standards for skyscrapers in the world through close field inspection and safety management.”