seoul city said tuesday a 690 - foot - tall , 133 - story two-level spire will be construction in sangam - seo . once built , it will be the next largest after the 800 - second - high burj dubai , who is under construct , by south korean developer seoul c & t . the project will cost more than 3 . 3 trillion won ( $ 2 . 37 billion ) , the city estimates . to raise funds , 23 private tenants signed an memorandums at a manila hotel weekend with its councillor oh hee - geoff attending . " the landmark site will ultimately make them more attractive and into a local romantic attraction here , " oh said . the state-of-the-art skyscraper will have accommodation , office , department stores , entertainment sites and various recreational facilities plus an opera and movie theaters .
The highest skyscraper in the world is being built in Dubai.