Thursday, October 12, 2006

Hyundai Kia Motor Group To Build 110-Skyscraper

I found this amazing...but no surprise since the Hyundai-Kia Motor Group has grown into Korea's second largest conglomerate.

The Hyundai-Kia Automotive Group has unveiled a blueprint for a 110-story skyscraper near the Seoul Forest, an environment-friendly park in Ttuksom. If the tower, which will house the Hyundai Automotive Group headquarters, is built, it will change the Seoul skyline.

A Hyundai spokesman said Wednesday the company decided to erect the building, which is tentatively named the Seoul Forest Waterfront Tower, on the site of a plant by affiliate Sampyo Remicon covering some 30,000 sq.m in Seongsu-dong. The company is in discussions with the Seoul Metropolitan government and Seongdong-gu District Office about the plan.

Besides a convention center, electronic and IT research and development centers, a hotel and office space, the building will also house a car museum and an “experience space for future cars.” About W1 trillion (US$1=W958) will be spent on construction. The company expects construction to create economic effects worth W2 trillion and 30,000 jobs.

The automobile theme park will be modeled on overseas car theme park like German carmaker VolkswagenÂ’s Autostadt or "Motor City" next to its Wolfsburg plant and a showroom like ToyotaÂ’s MEGA WEB near Tokyo.

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