Seoul nixes project to build landmark building
project to build a 133-story landmark building in the Digital
in Seoul was nixed due to the main constructor’s
failure to pay for its purchase of the land plot, Seoul City
government began the project in April 2009 when it signed a land purchase deal
with the firm Seoul
The city said
that the firm delayed paying for the land and failed to carry out its
responsibility stipulated in the deal.
Seoul officials said that they made the decision as the firm has no will
to push for the project, and the plan to develop the district could face
The firm was
picked as the preferred contractor to build the building with a height of 640
meters ― the world’s second highest. The building was to include a shopping
mall, hotel and other facilities. (nvn)
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