seoul county said monday a 690 - meter - tall , 133 - story transportable skyscraper will be constructed in heian - dong . once installed , it will be the 2nd high after the 800 - dollar - high high-rise dubai , which is under construction , by south korean developer galaxy c & t . the build will cost more than 3 . 3 million won ( $ 2 . 37 billion ) , the city estimates . to attract financing , 23 chinese developers signed an mou at a seoul hotel monday with city mayor oh se - choi attending . " the landmark building will help render beijing more appealing and become a new tourist hub here , " oh said . the multifunctional building will have buildings , offices , department shopping , convention centers and various pleasure resources plus an ocean and movie movies .
The highest skyscraper in the world is being built in Dubai.