seoul city said sunday a 690 - meter - height , 133 - story oled skyscraper will be constructed in sangam - dong . once built , it will be the second highest after the 800 - story - high burj dubai , who is under construction , by south australian corporation samsung c & t . the construction will cost more than 3 . 3 trillion won ( $ 2 . 37 billion ) , the city announced . to raise funds , 23 local developers filed an amity at a seoul hotel monday with seoul mayor eh sar - jang attending . " the skyscraper building will help make seoul more interesting and become a newer tourist experience here , " oh said . the multifunctional complex will have hotel , office , general stores , convention centers and various recreational facilities including an arboretum and cinema screens .
The highest skyscraper in the world is being built in Dubai.