seoul city said tuesday a 690 - meter - deep , 133 - story multifunctional skyscraper will be located in sangam - dong . once built , it will be the second peak after the 800 - foot - high burj khalifa , and is under constructions , by leading korean manufacturer samsung c & t . the construct will cost more than 3 . 3 thousand won ( $ 2 . 37 billion ) , the town reports . to raise funds , 23 local developers performed an mou at a seoul hotel monday with current mayor oh e - hoon hosting . " the landmark building will help make seoul more attractive and become a local tourism institution here , " u said . the multifunctional development will have homes , offices , departments stores , convention venues and various enjoy properties containing an aquarium and two theaters .
The highest skyscraper in the world is being built in Dubai.