seoul city reported monday a 690 - meters - tall , 133 - floor multifunctional skyscraper will be constructed in sangam - dong . once finished , it will be the second highest after the 800 - million - high burj dubai , also is under construction , by south korean developer samsung g & t . the construction will spend more than 3 . 3 thousand won ( $ 2 . 37 billion ) , the city estimates . to save financing , 23 local developers signed an cooperation at a seoul hotel monday with local mayor oh se - hoon attending . " the landmark building will help make seoul more attractive and become a new tourist object here , " oh replied . the multi-use building will have hotels , stores , department stores , congress centers and various recreational facilities including an aquarium and movie theaters .
The highest skyscraper in the world is being built in Dubai.