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Old November 15th, 2015, 05:28 AM   #6341
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Old November 16th, 2015, 05:34 AM   #6342
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Bad news for Lotte as they lost their licence to run the duty free store at LWT. Media is saying they have to let go 1,300 staff....

http://www.koreatimes.co.kr/www/news...23_191039.html
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Old November 16th, 2015, 10:09 AM   #6343
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They started construction preperation for the next 2-3 floors.
Its going really fast!

source: http://byejun017.blog.me/220540779119






That's a nice new perspective from Yeoido.
You can see the new Ichon Rex Apartment Towers, behind them there's Banpo Bridge and then Coex Trade Tower and Parnas Tower.
Wait a few years and between LWT and Trade Tower there will be the +500m Hyundai Global Headquarter.

source: http://news.naver.com/main/read.nhn?...aid=0006872963

Quote:
Originally Posted by KDreamer
Bad news for Lotte as they lost their licence to run the duty free store at LWT. Media is saying they have to let go 1,300 staff....

Yea that must be a real shock for them. They planned to make LWT one of the TOP duty free locations worldwide.
Smaller players got the licence now, so maybe this will diversify the duty free market in Korea a bit at least..



Quote:
Originally Posted by Dave-in-Toronto View Post
Humptydumpty, are they extending the external construction elevator up, or are they dismantling it now that they are close to the top of the building?
They were extending the construction elevator up. I'm sure the external elevator will stay there for a long time, at least until most of the tower's interior is done.
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Old November 16th, 2015, 03:21 PM   #6344
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Old November 16th, 2015, 03:39 PM   #6345
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http://media.daum.net/economic/all/n...51116223028272

Lotte vice president today meeting with staff manager 200
and promise All keep job security if they want
So 1300 employee of duty free will not lost their job
and compensation specially interior investment cost in Lotte tower world duty free.

also Lotte keep going "Fountain project" in the lake too.
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Old November 17th, 2015, 03:24 AM   #6346
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Quote:
Originally Posted by KDreamer View Post
Bad news for Lotte as they lost their licence to run the duty free store at LWT. Media is saying they have to let go 1,300 staff....

http://www.koreatimes.co.kr/www/news...23_191039.html
Of course, this won't be good news for the Lotte World Complex as a whole, but when you look at the Duty Free Market in Korea, it makes a lot of sense.

Lotte was outrageously dominating the Duty Free market in Korea, almost to the point that it wouldn't have been out of the question to envision antitrust litigation if once again, Lotte had gotten the lion's share. In Seoul, neither Hyundai nor Shinsegae (the other 2 big department store chains) had Duty Free outlet, and I'm not even mentioning AK, Hanwha or Doosan...

There were three licences expiring :
- Lotte Main Store : by far the biggest Duty Free in Korea. It's such a cash cow for Lotte and wouldn't have made sense to take the license away from them.
- The Walkerhill Duty Free shop (SK) : poorly branded, doesn't generate much revenue and in one of the least touristic places in Seoul. When you look at the competition from Doosan and Shinsegae, you knew that the Walkerhill store would be the short straw
- And then you have the Lotte World Mall one. I think it was a toss up. On one side, with the growing Lotte World complex, this would have made an good future Duty Free shop, there is no denying it. But if you look at the other side of the coin, Lotte World Mall's strength is also the duty free's weakness. If the duty free goes away, there will still be other ways for Lotte to turn the place into something else of value. More regular stores ? An art gallery ? Some brand new concept ? Plus, if regulators had given Lotte 2 licenses again, imagine the backlash from competitors. Lotte has 2 other DF stores in Seoul, including one at COEX... just 3 subway stations away from Jamsil. And there were very interesting proposals from new entrants :

- Shinsegae Main Store : one of Korea's most historic and important Department Stores. The company is a giant retailer with no previous DF store in Seoul. And they set themselves to do some nifty renovations/improvements to the stores in order to get the Duty Free store.
- Doosan Tower : thanks to DDP, Dongdaemun is truly moving upscale overall, and a Duty Free store in what is supposed to be Seoul's Fashion Mecca is a great idea. Doosan is a huge chaebol, with a fairly small retail footprint, but there are no other large chaebol-backed Department Stores in the area other than Doota, so it made Doosan the by-default winner. But great location, should help further improve Dongdaemun's visibility.

Regarding the staff, if Lotte ends up firing its Lotte World Duty Free staff, Shinsegae and Doosan have already announced that they would hire them.

Last edited by kimahrikku1; November 17th, 2015 at 09:23 AM.
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Old November 17th, 2015, 08:06 AM   #6347
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Pretty solid analysis. Thanks
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Old November 17th, 2015, 08:23 AM   #6348
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Nice progress!
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Top 10 tallest buildings:

Burj Khalifa, Shanghai Tower, Makkah Royal Clock Tower Hotel, Ping An Finance Center,
Goldin Finance 117, One World Trade Center, Chow Tai Fook Centre, Taipei 101, Shanghai World Financial Center and International Commerce Center.

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I'M BACK!!!!

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Old November 17th, 2015, 12:23 PM   #6349
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Skidmore, Owings & Merrill did the great job again, but I think it's over scale compared with the surrounding.
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Old November 17th, 2015, 12:27 PM   #6350
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Nice progress!
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Old November 17th, 2015, 02:28 PM   #6351
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Lotte Tower piercing the morning clouds

source: http://yoonhj21.blog.me/220541779580
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Old November 18th, 2015, 02:41 AM   #6352
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Copyright lotte company
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Old November 18th, 2015, 06:02 AM   #6353
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Look at the cloudy pics and think about walking on lwt skywalk with an ocean of cloud right under your feet.
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Old November 18th, 2015, 11:06 AM   #6354
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sources:
http://byejun017.blog.me/220542910559
http://blog.naver.com/pjq000/220542940907
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Old November 18th, 2015, 02:42 PM   #6355
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Cheonhodaegyo(Way & Subway Bridge) by Carmine.shot, on Flickr
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Old November 18th, 2015, 09:26 PM   #6356
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Quote:
Originally Posted by TheFuturistic View Post
Look at the cloudy pics and think about walking on lwt skywalk with an ocean of cloud right under your feet.
Reminds me of a joke I knew as a kid.

A man goes to the Empire State Building in the hope of some magnificent views... but is disappointed to see a thick blanket of clouds just feet below the observation deck...stretching as far as the eye could see..

Out of the corner of his eye..he sees two men looking at him.. one of them walks over..

"I see you're unhappy about the thick clouds... but have you ever tried cloud-walking ? " says the approaching stranger.

"Cloudwalking ? Whats that ? " replied the tourist..

"Well, at this altitude, the clouds are so thick, you can walk on them" says the man... " Look... I'll show you "..

Suddenly,, he hops over the barrier...and onto the cloud.. and sure enough, starts to walk around without a care in the world. "Come on, it's easy...and so much fun...try it..."

Encouraged... the tourist also hops over the barrier, straight through the cloud,, and plunges to his death on the streets below...

The other man starts laughing and walks back to his friend on the observation deck who tells him angrily... " see you, Superman, you're a bastard ".
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Old November 18th, 2015, 09:39 PM   #6357
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Hey Everyone,

I just made an update on the Lotte World Tower with many of your great pictures! Enjoy the video

https://www.youtube.com/watch?v=PSQ3StF29aQ
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Old November 19th, 2015, 12:11 AM   #6358
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http://www.pholar.co/pic/477503/7353221

this is not either smog or fine dust but cloud fog
Quote:
Originally Posted by Celt67 View Post
Reminds me of a joke I knew as a kid.

A man goes to the Empire State Building in the hope of some magnificent views... but is disappointed to see a thick blanket of clouds just feet below the observation deck...stretching as far as the eye could see..

Out of the corner of his eye..he sees two men looking at him.. one of them walks over..

"I see you're unhappy about the thick clouds... but have you ever tried cloud-walking ? " says the approaching stranger.

"Cloudwalking ? Whats that ? " replied the tourist..

"Well, at this altitude, the clouds are so thick, you can walk on them" says the man... " Look... I'll show you "..

Suddenly,, he hops over the barrier...and onto the cloud.. and sure enough, starts to walk around without a care in the world. "Come on, it's easy...and so much fun...try it..."

Encouraged... the tourist also hops over the barrier, straight through the cloud,, and plunges to his death on the streets below...

The other man starts laughing and walks back to his friend on the observation deck who tells him angrily... " see you, Superman, you're a bastard ".

well
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Old November 19th, 2015, 03:08 AM   #6359
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There's only one thing I dislike about this tower. When you look at it from some angles it looks super fat at the base.

The angle with the 'split' running down the centre is perfect, the tower looks super slender and sleek.

But if you look at it from the other angle, with the bend in the facade face on, it just looks fat.... anyone else agree?
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Old November 19th, 2015, 04:07 AM   #6360
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Quote:
Originally Posted by KDreamer View Post
There's only one thing I dislike about this tower. When you look at it from some angles it looks super fat at the base.

The angle with the 'split' running down the centre is perfect, the tower looks super slender and sleek.

But if you look at it from the other angle, with the bend in the facade face on, it just looks fat.... anyone else agree?
Yes, I was just thinking the same thing - and I like the tower! I have a feeling that when the diagrid top of the tower is finished, the proportions will seem more even; more tapered.
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