Incheon to Build 151-story Building
Korea's West Sea port of Incheon has signed an MOU with a consortium led by U.S.-based Portman Holdings to build the nation's tallest building.
What will be known as Incheon Tower will rise up from reclaimed land in the city's free-trade zone.
The consortium including Korean builders Samsung and Hyundai Engineering and Construction has committed W17 trillion (US$1=W939) toward the project.
Construction is slated to begin at the end of this year and be completed by 2012.
Then the tower soaring over 600 meters high is expected to be the world's second-tallest, behind only the 160-story Burj Dubai now being built in the United Arab Emirates.
Incheon Tower will house a convention center, offices, hotel and shopping mall adding some serious height to the city's skyline.
english.chosun.com (Posted 8/29/07)