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Old January 31st, 2015, 02:17 AM   #5301
Astraios
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As for Busan Lotte Town Tower, its fate is uncertain. Hopefully, it will resume construction
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Old January 31st, 2015, 09:43 AM   #5302
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Quote:
Originally Posted by Astraios View Post
As for Busan Lotte Town Tower, its fate is uncertain. Hopefully, it will resume construction
As do I,, The design is great, I wish that was what was rising in Seoul, as well. BusanLT is my favorite of any design.
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Old February 1st, 2015, 05:26 AM   #5303
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Official negotiation between seoul and hyundai

Hyundai HQ office = 115fl( 571m height)
Convention center = 7fl
Hotel commercial=62fl

Seoul receive official suggestion at last 30 Jan


If 571M HEIGHT APPROVED BY SEOUL THEN IT WILL BE TALLER THAN LWT

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Old February 1st, 2015, 06:08 AM   #5304
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Beautiful building,, You are right Inno, but wouldn't that be great to go 600+ meters and make it a Megatall, and can the Mayor won sung STOP this from happening?


I've never been shy about expressing my love of the design of Busan Lotte Tower, I wish they could put that lovely building somewhere in between Hyundai ( if built), and LWT,, I think that would be an impressive trio...
3 massive buildings in Seoul, not as tall as Shanghai,, but 3 massive towers that rival almost anywhere.
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Last edited by bigreach; February 1st, 2015 at 06:22 AM.
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Old February 1st, 2015, 01:29 PM   #5305
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I've followed this thread for some time, and have really enjoyed all of the pictures and updates so far.

I was killing some time in Seoul yesterday and decided to walk around LWT to see it in person. Unfortunately, I didn't have my camera with me, so these are low resolution phone snapshots.


Lotte World Tower - Seoul
by db_percival, on Flickr


Lotte World Tower - Seoul
by db_percival, on Flickr


Lotte World Tower - Seoul
by db_percival, on Flickr


Lotte World Tower - Seoul
by db_percival, on Flickr


Lotte World Tower - Seoul
by db_percival, on Flickr


Lotte World Tower - Seoul
by db_percival, on Flickr


Lotte World Tower - Seoul
by db_percival, on Flickr
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Old February 1st, 2015, 03:15 PM   #5306
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Quote:
Originally Posted by bigreach View Post
Beautiful building,, You are right Inno, but wouldn't that be great to go 600+ meters and make it a Megatall, and can the Mayor won sung STOP this from happening?


I've never been shy about expressing my love of the design of Busan Lotte Tower, I wish they could put that lovely building somewhere in between Hyundai ( if built), and LWT,, I think that would be an impressive trio...
3 massive buildings in Seoul, not as tall as Shanghai,, but 3 massive towers that rival almost anywhere.

Me too. I'm little bit disappointed that Hyundai HQ only 571m
$10billions land to built only 571m? If hyundai looking forwards future 100years ahead, then they must built over 1km height in there.
even 1km construction cost only around 3~4billions.
Probably they compromised with seoul.
Now official 571m suggestion to seoul government. So only problem is Seoul mayor's approved construction. I'm nervous that seoul mayor decreased HYUNDAI 571M tower.

bytheway as your idea 3 massive over 500m tower cluster is good idea
I hope there another new proposal between them. and completed 3massive 500m tower like triangle shape

Quote:
Originally Posted by percy07 View Post
I've followed this thread for some time, and have really enjoyed all of the pictures and updates so far.

I was killing some time in Seoul yesterday and decided to walk around LWT to see it in person. Unfortunately, I didn't have my camera with me, so these are low resolution phone snapshots.

Welcome to seoul. and thanks your photos too
Seoul is beautiful in the night tokyo beautiful in the day.
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Old February 1st, 2015, 06:55 PM   #5307
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For Hyundai that land played a bad joke:

Quote:
With a record $10 billion offer, triple the appraised value of the property, Hyundai outbid rival conglomerate Samsung Group this month for a 20-acre plot in Seoul's swanky Gangnam district, which it plans to use for a headquarters uniting the group's far-flung offices.

The purchase provoked a swift backlash.

Investors sold off Hyundai stocks after news of the deal surfaced on Sept. 18, erasing $8 billion of shareholder value in a matter of days. Labor leaders called strikes at Hyundai and Kia assembly plants, and postponed contract talks in protest. Board members rushed to distance themselves from the decision, saying they weren't told the bid would be so large.
http://www.autonews.com/article/2014...e-for-prestige

Plus now they are losing market share:

Quote:
SEOUL— Hyundai Motor Co. ’s fourth-quarter net profit fell by more than a fifth, hurt by currency weakness in Russia and the need for higher sales incentives to maintain its U.S. market share.
http://www.wsj.com/articles/hyundai-...-22-1421904800

Combining that together, adding extra few hundred meters will make the situation even worse.
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Old February 1st, 2015, 08:16 PM   #5308
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Quote:
Originally Posted by inno4321 View Post

Official negotiation between seoul and hyundai

Hyundai HQ office = 115fl( 571m height)
Convention center = 7fl
Hotel commercial=62fl

Seoul receive official suggestion at last 30 Jan


If 571M HEIGHT APPROVED BY SEOUL THEN IT WILL BE TALLER THAN LWT


where are you found this information ?
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Old February 1st, 2015, 10:17 PM   #5309
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Quote:
Originally Posted by Equario View Post
For Hyundai that land played a bad joke:

Plus now they are losing market share:

Combining that together, adding extra few hundred meters will make the situation even worse.

well, the Korean government will increase taxes on companies who hoard huge amounts of money, so Hyundai benefits from getting rid of their cash.
This way they can avoid extra taxes.

Its further explained in this article: http://www.wsj.com/articles/hyundais...fit-1411721825


Anyway, 571 m is an amazing height for a company headquarter! I rather expected something like 470-500 m
Can't wait for a more detailed design! the top floors seem to be very spacious and might even be accessible for the public? would be awesome.


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Old February 1st, 2015, 11:41 PM   #5310
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16m taller than LWT 555M
official Hyundai decision $1 billions for public donation.
at the very moment Seoul ask $2 billions for public donation
KOREA government support this supertall to begin construction as soon as possible.
official K Government is going to allow this tower's begin construction within 1 years.
vice president of ministry of plan financing korea officially saying about that




Quote:
Originally Posted by Equario View Post
For Hyundai that land played a bad joke:



http://www.autonews.com/article/2014...e-for-prestige

Plus now they are losing market share:



http://www.wsj.com/articles/hyundai-...-22-1421904800

Combining that together, adding extra few hundred meters will make the situation even worse.

However HYUNDAI, KIA, HYUNDAI MOBIS's credit ranking up grade from BBB+ to A- by S&P
This A- is for the first ranking since group begin.
Which means global expert admit hyudai group's future as optimistic even though bad situation in russia and europe market.
http://www.fnnews.com/news/201501301323334494

Quote:
Originally Posted by humptydumpty7 View Post
well, the Korean government will increase taxes on companies who hoard huge amounts of money, so Hyundai benefits from getting rid of their cash.
This way they can avoid extra taxes.

Its further explained in this article: http://www.wsj.com/articles/hyundais...fit-1411721825


Anyway, 571 m is an amazing height for a company headquarter! I rather expected something like 470-500 m
Can't wait for a more detailed design! the top floors seem to be very spacious and might even be accessible for the public? would be awesome.

Right Korea government admit "company's exhibition and convention facility" as investment. So Hyundai will not pay another news tax. very good korea government,
Probably Hyundai supertall will be world tallest HQ
All new building's the top floors must public according to the seoul regulation.
therefore we can expect korea tallest observation deck in hyundai even though this tower is for the 100% hyundai office building.
when clear weather day we can see opposite direct LWT observation deck's tourist too

Quote:
Originally Posted by ramses59 View Post
where are you found this information ?

from my home town.
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Last edited by inno4321; February 1st, 2015 at 11:49 PM.
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Old February 2nd, 2015, 01:20 AM   #5311
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I'ts very interesting that multi construction elevators' "shaft" built outside the building. How do you name that???
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Old February 2nd, 2015, 05:44 AM   #5312
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Quote:
Originally Posted by humptydumpty7 View Post
well, the Korean government will increase taxes on companies who hoard huge amounts of money, so Hyundai benefits from getting rid of their cash.
This way they can avoid extra taxes.

Its further explained in this article: http://www.wsj.com/articles/hyundais...fit-1411721825
Quote:
Originally Posted by inno4321 View Post
However HYUNDAI, KIA, HYUNDAI MOBIS's credit ranking up grade from BBB+ to A- by S&P
This A- is for the first ranking since group begin.
Which means global expert admit hyudai group's future as optimistic even though bad situation in russia and europe market.
http://www.fnnews.com/news/201501301323334494
Thank you very much! Didn't find these one. Indeed, it's quite interesting move both by Korean Government and credit rating.

All in all, wish all the best for Hyundai and hope to see more of their skyrises soon

P.S. time to focus on Lotte Tower
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Last edited by Equario; February 2nd, 2015 at 05:50 AM.
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Old February 2nd, 2015, 01:39 PM   #5313
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SAM_4337 by inno4321, on Flickr
SAM_4341 by inno4321, on Flickr

Today LWT view from HYUNDAI&KIA HEAD OFFICE in gangnam KEPCO
project site

I'm very happy with Hyundai 571m


Quote:
Originally Posted by rbarrosilva View Post
I'ts very interesting that multi construction elevators' "shaft" built outside the building. How do you name that???

probably you mean the red one. I don't know sorry

Quote:
Originally Posted by Equario View Post
Thank you very much! Didn't find these one. Indeed, it's quite interesting move both by Korean Government and credit rating.

All in all, wish all the best for Hyundai and hope to see more of their skyrises soon

P.S. time to focus on Lotte Tower

So do I.
s korea government do the best effort in hyundai hq construction beginning as soon as possible.
but seoul want to get some much more huge donation from hyundai.
already hyundai decision to pay $1 billions for public donation.
but seoul ask $2 billions.
in this case seoul is 갑(master) who have a right approved.

so hyundai very nervous that decreased this tower's height.
actually Hyundai give up there plan built in ducksum(north of seoul)
but at that time seoul mayor reject the supertall due to his own opinions.
So hyundai choose KEPCO site(gangnam:southern of seoul) instead of ducksum(north of seoul)
So nobody sure that 571m will not decreased.
All prepare almost finished : land/money/design/even KOREA government 100% support this project(now korea economy depress so they want to booming with this project)
this project's only obstacle is seoul mayor.
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Old February 2nd, 2015, 06:18 PM   #5314
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SAM_4357 by inno4321, on Flickr

SAM_4355 by inno4321, on Flickr

SAM_4360 by inno4321, on Flickr

SAM_4366 by inno4321, on Flickr
SAM_4367 by inno4321, on Flickr

views from AROUND HYUNDAI HQ project site
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Old February 3rd, 2015, 12:43 AM   #5315
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SAM_4353 by inno4321, on Flickr
SAM_4368 by inno4321, on Flickr
SAM_4369 by inno4321, on Flickr
SAM_4373 by inno4321, on Flickr

SAM_4378 by inno4321, on Flickr
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Old February 3rd, 2015, 08:10 AM   #5316
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Love this bldg., I hope Hyundai, goes 600+,, only makes sense, you have a tower at
+500 meters,, the next goes Taller.. Look at the rest of the cities. Shanghai, Shenzhen, Guangzhou,,, oops
I guess that's how the Chinese do it,, I'm American and love the way China, and well Dubai are doing thing's,,, would love to see Seoul too.
but it's the way that should be done. Not a fan of American skyscrapers, especially since the tallest was built in 1974.. And my whole life I've never seen a taller
bldg. than sears/willis.
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Old February 3rd, 2015, 09:52 AM   #5317
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a new tower crane is being set up inside the core.

source: http://poison777.tistory.com/5339
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Old February 3rd, 2015, 11:11 AM   #5318
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Wow, almost 100 floors already
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Old February 3rd, 2015, 05:28 PM   #5319
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I think its better for Hyundai to build twin supertall taller than petronas twin tower. At least they will get to hold the tallest twin tower in the world
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Old February 3rd, 2015, 11:26 PM   #5320
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SAM_4383 by inno4321, on Flickr

SAM_4386 by inno4321, on Flickr

right stadium is 88 seoul olympic stadium it is going to remodeling for historical preserved.
this location very important for future seoul
actually sander group of USA suggested $10 billions investment for MICE project
sooner or later awesome project begin in these sport area.
especially Domed Stadium(tokyo dome size 80000 seats) and Kpop concert building too.

SAM_4390 by inno4321, on Flickr
SAM_4391 by inno4321, on Flickr
SAM_4392 by inno4321, on Flickr
SAM_4394 by inno4321, on Flickr
SAM_4395 by inno4321, on Flickr
SAM_4397 by inno4321, on Flickr
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