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Old March 4th, 2013, 10:13 PM   #1181
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IBD will be SAMSUNG's hub?

KORAIL suggest for help SAMSUNG's invest on IBD.
If SAMSUNG invest money, then KORAIL hand over his all right for manage of a commercial district and Hotel and some building in IBD to SAMSUNG.

No one know what will .... But Now SAMSUNG seriously consider for invest on this project.

I Love Samsung and their products!
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Old March 7th, 2013, 02:49 PM   #1182
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Hello everyone ! ^_^
I wanna thank Inno for posting all these fresh news . Thank you very much.
And good to see here people who interesting in skyscrapers in Korea.
Really I feel home here.
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Old March 7th, 2013, 03:54 PM   #1183
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Hello everyone ! ^_^
I wanna thank Inno for posting all these fresh news . Thank you very much.
And good to see here people who interesting in skyscrapers in Korea.
Really I feel home here.
YEAP this project is too huge to cancelled. No way to back.

Today news

-KORAIL and Lotte tourchairman first meeting in KORAIL head office in seoul.

-KORAIL is going to invest emergency fund for prevent "default"

-Lotte chariman promise which "we will follow KORAIL's decision (and develop plan included gradual develop and public develop)"


*blank (~) is my attach comment

*Above LOTTE tour company have No relation with lotte super tower in seoul, just company name is lotte: they are very far relative so just borrow names)
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Old March 8th, 2013, 10:39 AM   #1184
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Today IBD NEWS

-KORAIL contact with HYUNDAI for tripleones construction.

-KORAIL ask to SAMSUNG whether to give up right for Tripleone OR invest money $2 billions.

-Now HYUNDAI seriously consider for tripleone.. but not yet OFFICIAL REACT for KORAIL.

It is my guess that "this is good chance for hyundai Because Hyundai Global business center rejected by seoul mayor. So If hyundai built TRIPLONE, then HYUNDAI re-buying tower and used as GBC.

*HYUNDAI had been participated in public offering for Tipleone construction. However landmark tower right got by SAMSUNG.
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Old March 8th, 2013, 11:12 AM   #1185
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You really don't think it looks too crazy? It's like every tower is of a different architectual theme from all the others. Not to mention that most of them look like designs recycled from other places. Makes me really dislike the whole "starchitect" thing, to think that they'd half-ass so many of these.

Frankly, I'd love to see the Dragon Towers' design theme shared among all the buildings; they'd all have that awesome cladding.
I totally agree with you..every tower has a unique design, i love almost every tower on that model...but it looks like a compilation of awsome towers..i think its too much...too crazy..

its like you would mix your favourite dishes together..i don't think you would like it

i don't know...really really cool designs but the whole project
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Old March 12th, 2013, 01:02 PM   #1186
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I totally agree with you..every tower has a unique design, i love almost every tower on that model...but it looks like a compilation of awsome towers..i think its too much...too crazy..

its like you would mix your favourite dishes together..i don't think you would like it

i don't know...really really cool designs but the whole project
Frankly also i prefer original rendering which archiopelago.


Today Seoul major project news

-Today IBD almost "default". But KORAIL pay money so escaped from default.(40minutes ago)

-Today successfuly held public hearing for push forwards with Hyundai Global Business center 510m 110floors. (But seoul mayor still reject public hearing's opinnions)

-Resume Seoulite 640m is going to "public offering" with TWO OPTION which are Over 100floors OR 70floors landmark.


(this is my guess IBD will be changed decreased tripleones' height(from 620m to 500m?) and gradually develop)

Many expert say IBD cancelled is "impossible" IBD is too big to cancelled.
But only clues is to decreassed size and gradually.
So landmark tower and some surround building will be first start and then after others block building woo be rise. maybe 10years take to completion.
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Old March 13th, 2013, 12:48 AM   #1187
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Yesterday IBD escaped from default "BEFORE 20 MINUTES AGO BANKS CLOSED"

What a funny project it is!!!! total 31 billion project almost in default due to have no money only 6 millions usd!!!!
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Old March 14th, 2013, 04:22 PM   #1188
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IBD First Default(not official bankrupt)

-Moodys consider down grade KORAIL's credit grade

-Lotte tour stock down.

-KORAIL beginn carry out a large-scale restructuring

-KORAIL consider whether CANCELLED PROJECT or REDESIGN IBD, KORAIL is going to meeting with in the board of directors.

-"National reacting will be begin concern IBD" said today Mr yon chang jun who president spokesman

-"Goverment must be help IBD's default" said SAENURIDANG(government party)

-KORAIL consider that decreased Tripleones's height below 80floors and reduce commercial/office area and make more residence.

-And delayed completion at 2020

-Tommorrow 2000 people who aparment block is going to riots against KORAIL in KORAIL HEAD OFFICE.

80FLOORS WT KIDING ME 80FLOORS? in the center of 80floors? lol
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Old March 14th, 2013, 05:20 PM   #1189
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I read an article on the Joongang Ilbo website that said Korail was in a lot of debt because the government was forcing it to build lots of high speed railway. I thought that Korail was partly government owned? Shouldn't they be providing Korail with some funding for all its construction work?
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Old March 15th, 2013, 05:09 PM   #1190
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Originally Posted by aquaticko View Post
I read an article on the Joongang Ilbo website that said Korail was in a lot of debt because the government was forcing it to build lots of high speed railway. I thought that Korail was partly government owned? Shouldn't they be providing Korail with some funding for all its construction work?
Right KORAIL is government owned(100%)

I agree, national government supply fund for all its construction base on original promised and plan. But they didn't it is korea discount shame



http://media.daum.net/society/others...5160812311.jpg

http://v.daum.net/link/41587576?srch...6D182F71DCB503

Today meeting KORAIL AND others company.

-Choosed between bankrupt or give up individual profit until 1. april

-If others company give up privilege, then KORAIL suppy fund and resovled all financial problem and HANDLE IBD project as national project.

-SAMSUNG must give up landmark tower's construction right.

-Lotte tour must give up stock among dreamhub

-All company very perplex due to KORAIL's request

Below is KORAIL plan
-First of all, citizens compensation is first goal.
-Will not retain apatrment block
-But citizens survey(if over 50% people reject project then retain) by demand seoul mayor's request(until june)
-Decreased tripleones heights below 80floors also decreassed others building
-Re-design and gradual develope until 2020
-Increased residence ratio among master plan.
-reduce commercial ratio among master plan.

Meanwhile Outside KORAIL conference building, many citizens riots against KORAIL for immediately begin compensation.
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Old March 15th, 2013, 06:07 PM   #1191
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Decreasing Triple one will destroy the IBD
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Old March 16th, 2013, 05:48 PM   #1192
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I don't think so. Like I've said before, Seoul is the capital city of a mature economy, on that doesn't need gigantic, flashy towers to attract global attention; it already has that.

It'd be much more suiting to have some more modest towers, appropriate to the needs and demands of the people likely to live and work there. I just hope, and I know I've said this a million times, that they go to Korean architects for the redesign. I'm sure some of the local architects could do a much, much more thoughtful job than all those starchitects did on the most recent proposal.
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Old March 17th, 2013, 12:40 PM   #1193
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Very disappointing news, but also I Love all the buildings in Seoul IBD......
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Old March 19th, 2013, 09:20 PM   #1194
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This Futuristic Korean Real Estate Project Is On The Verge Of Collapse

Read more:
http://www.businessinsider.com/image...#ixzz2O0jiHTUo
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Old March 20th, 2013, 11:08 PM   #1195
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News on CTBUH:

http://www.ctbuh.org/News/GlobalTall...h-Default.aspx
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Old March 22nd, 2013, 04:51 AM   #1196
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This Futuristic Korean Real Estate Project Is On The Verge Of Collapse

Read more:
http://www.businessinsider.com/image...#ixzz2O0jiHTUo
An expensive piece of land in the heart of Seoul is doing nothing but being used by lame Korean politicians to blame the former Seoul mayor to cover their asses. No surprise there.
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Old March 22nd, 2013, 05:19 AM   #1197
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You're speaking out of ignorance. Real estate in Korea is used just like it is everywhere else--as equity. However, the Korean real estate system is set up in such a way that large amounts of capital are required by any interested buyer (whether individuals or corporate groups) in order to purchase land. Because of this, the sector as a whole moves more slowly than it would in other countries, and Seoul in particular has seen real estate values drop constantly (albeit gradually) since the crisis in 2008; you'll notice that the majority of buildings >150m were completed between approximately 2002-2008.

While it's looking like this, and the potential failure of this project, is the nadir of that decline, it is kind of a predictable failure. You don't have a large number of corporations looking to make major office space purchases, there isn't a significant international community looking for property in Seoul (even most Chinese wealthy go to Busan), and South Korean citizens currently maintain the largest private debt to GDP ratio of any developed country, which obviously hinders their ability to buy new residences, which decreases the amount of equity they can sustain, which decreases their ability to buy new residences....

This isn't just a bureaucratic failure, although that's undeniably a part of it. It's a failure of the group planning this development to keep their expectations anything like what they should have reasonably done. Had they not forced this mammoth through the real estate market and instead bid their time, going along carefully and in accordance with actual demand (accepting that almost no one predicted the size of the recent economic crisis), they might not be in the situation they are now.
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Old March 22nd, 2013, 05:36 AM   #1198
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I totally agree with aquaticko.
I think he/she sees through a brick wall indeed,
Quite broad insight
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Old March 22nd, 2013, 05:56 AM   #1199
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As for the whole design of this project, personally, I don't like it as a korean
Don't get me wrong. I am a big fan of skyscrapers since 2002 here in SCC

However, this design is a quite akward looking. It is like a collection of each bouncing buidings in diffrent directions. It's like a set of disparate buildings.
There is no harmoniousness or unity as one.
The most importantly, this is too much foreign things or alien feeling, ignoring Seoulish or Seoul-like.(You know what I mean?)

This project would be the signature of Seoul if this is built due to the mamoth sized presence.
But is this represent Seoul in any ways?

This is my personal and honest opinion. Don't attack me.
If you don't like it, you know what you do?. Simply ignore me. OK?
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Old March 22nd, 2013, 06:07 AM   #1200
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As for the whole design of this project, personally, I don't like it as a korean
Don't get me wrong. I am a big fan of skyscrapers since 2002 here in SCC

However, this design is a quite akward looking. It is like a collection of each bouncing buidings in diffrent directions. It's like a set of disparate buildings.
There is no harmoniousness or unity as one.
The most importantly, this is too much foreign things or alien feeling, ignoring Seoulish or Seoul-like.(You know what I mean?)

This project would be the signature of Seoul if this is built due to the mamoth sized presence.
But is this represent Seoul in any ways?

This is my personal and honest opinion. Don't attack me.
If you don't like it, you know what you do?. Simply ignore me. OK?
Seoul has no soul It has no real plan....
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