Administrative hurdles have cleared for Seoul's Global Business Center, paving the way for construction of Hyundai Motor Group's new headquarters. According to South Korean news service Pulse, the Seoul Metropolitan Government has promised approval of the record-breaking structure, which would become the country's tallest skyscraper upon completion.

Hyundai Global Business Center, image via Hyundai Motor Group

The project had been languishing in development limbo due to concerns over its impact on the congested areas of southern Seoul. As part of efforts to revitalize the local economy, the City has decided to fast-track development of the 105-storey complex, which would contain a mix of office, hospitality and retail uses, with an observation deck on the upper floors. A 40-storey hotel, nine-storey concert hall and six-storey convention centre are also planned for the property.

Hyundai Global Business Center, image via Hyundai Motor Group

The 569-metre-tall skyscraper would be slightly taller than the 555-metre Lotte World Tower, the current tallest building on the Korean Peninsula and the only supertall in the city.

Hyundai Global Business Center, image via Hyundai Motor Group

SkyriseCities will be sure to return to this project as progress continues. For more information, check out the associated Database file and Forum thread, and as always, feel free to join the conversation in the comments section below.

Related Companies:  Hyundai Motor Group, Kim Jong-sung