Lotte World Tower opens

Lotte World Tower

123 floors. 555 meters. These are the main characteristics of the Lotte World Tower. It opens to the public today on April 3rd after nearly three decades of development. The Lotte World Tower is the fifth tallest building in the world and the highest building in the OECD. The project is fulfilling the dream of Lotte’s founder Shin Kyuk-Ho. This article is going to explain the magnitude of the project, it’s features and issues.


Megaproject ‘The Second Lotte World’

Describing the Second Lotte World (제2롯데월드) project, that consists of multiple buildings and various facilities as a large-scale project is an understatement. It’s a megaproject with unprecedented dimensions for Korea. The idea for the project was developed in 1989. Construction begun in 2009 and the skyscraper was completed on 22 December 2016. The total cost for the 123 floor-high building is expected to be around 3.8 trillion KRW (3.4 billion USD). The building is constructed by Lotte Engineering & Construction. See here various designs for the Lotte World Tower.

The whole project surrounding the Second Lotte World includes a shopping mall, cinema, aquarium, concert hall, department store, duty free shop and many more facilities. It’s especially crazy in my opinion if you consider that right across the street Lotte has been already operating a department store, hotel and the world’s biggest indoor adventure park. The new buildings provide a completely new experience.

Progress on Lotte World Tower from September 2012 to February 2013.


Facilities in the Lotte World Tower

The skyscraper features a hotel and residential hotel, office space, gallery, sky bars and observatory. Here’s a floor-by-floor overview:

Floor Purpose Lotte World Tower
117 – 123 Seoul Sky Observatory
108 – 114 VIP Office Space “Premier 7”
76 – 101 Lotte Hotel Signiel
42 – 71 Signiel Residences
14 – 38 Office Space
5 – 12 Health and Fitness Center, Gallery and other facilities



Too large?

It can be argued that such a megaproject doesn’t really fit in a city. Analyzing it from the transport perspective, the already existing department store and adventure park caused huge traffic jams on the weekend and it got only worse with the opening of the World Mall. The Lotte World Mall received approval only after the development of a traffic demand management plan. The tower as a place with many offices is going to add more traffic on weekdays.

Then there’s the issue of a worsening walking environment: A large building doesn’t provide the best walking experience. Of course, if the building is open, then it’s nice to pass through the building and do some window shopping. But if the building is closed, then it becomes a major obstacle and a black hole for place quality.

Lotte World Tower

Lotte World Tower Construction in 2013.



Issues during construction

Lotte experiences several drawbacks during the construction and accidents haunted the project. The following overview just shows major incidents:

These are just a few incidents and it shows another argument against large-scale projects.

Lotte World Tower

Lotte World Tower is rising into the sky through 2014 and 2015.



Observatory Sky Seoul

The Lotte World Tower is the highest building in Korea and it’s definitely a remarkable landmark. Besides the various shopping options, the top of the tower has the so-called Sky Seoul which is an observatory and an art gallery.

On the 117th to 123rd floor visitors can enjoy view above Seoul. The opening hours are from 09:30am to 11pm and a ticket costs 27,000 KRW for adults, 24,000 KRW for children (from 3 to 13 years). The ticket can be reserved online on the Lotte World Tower website or through a smartphone app.


Lotte World Tower

Last steps and completed skyscraper.

About This Author

Co-Author of Kojects. Interested in Sustainable Transportation, Urbanism and Korea.


You can post comments in this post.

  • Your report is dated April 3, 2017 (morning). The fireworks display was at night, 9pm, in Seoul. So am I right to say that the CORRECT official opening date of this hotel was April 2, 2017 at 9pm in Seoul, South Korea, and not April 3, which was celebrated by that spectacular fireworks display?

    Tan Heng Kit (Richard) 6 months ago Reply

    • Hello!

      Thanks for the comment. No, the whole tower (hotel and everything else) opened officially to the public on April 3. It’s correct that the fireworks were on April 2, a day before the opening, in order to celebrate the upcoming opening on the next day.



      Nikola 6 months ago Reply

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