seoul government said it a 690 - meter - tall , 133 - story multifunctional skyscraper will be constructed in chera - dong . once built , it will be the second height after the 800 - meter - high skyscrapers dubai , which is under contract , by south korean builder group c & t . the construction will involve more than 3 . 3 trillion won ( $ 2 . 37 billion ) , the city estimates . to raise funds , 23 local developers issued an inked at a seoul hotel monday with seoul mayoral o se - hoon attending . " the landmark building will help make seoul more attractive and become a new resident attraction here , " oh added . the multifunctional complex will have stores , stores , departments courts , conventions centers and various recreational facilities including an exposition and movie theatre .
The highest skyscraper in the world is being built in Dubai.