Hyundai announces plans for 115-floor headquarters in Seoul

June 24, 2015
Hyundai Group's plans for its new global headquarters

Hyundai Group’s plans for its new global headquarters

Seoul’s skyline is up for a big change by 2020.

Hyundai Group announced this week its plans to construct a 115-floor building standing 571 meters, called the Global Business Center, to be used as its headquarters.

Hyundai has reportedly sent its plans to the city of Seoul.

If completed, GBC would be the tallest building in South Korea, beating out Lotte World Tower in Jamsil, which is currently under construction and will stand 555 meters tall at 123 floors.

A separate 62-floor building, to be used as a hotel, is also planned, as well as a convention center, an exhibition center and a performance venue.

The site was purchased from Korea Electric Power Corp. last year for a record $10 billion.

Hyundai Motor Group Chairman Chung Mong-koo called it “the investment envisioning the next 100 years.”


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