Park Jin-hai primarily focuses on K-dramas, entertainment shows and actor interviews. Beyond that, she also pens articles covering the broader arts scene, with a particular emphasis on classical music, dance and various aspects of lifestyle. Since joining The Korea Times in 2013, she has made significant contributions in the realms of hallyu (Korean wave), industry news and international affairs.
POSCO E&C breaks ground for nation's tallest apartment complex
An aerial view of the 101-story Landmark Tower and two 85-story residential towers POSCO E&C is to complete by 2019 at the Haeundae Tourist Resort LCT Development Project at Haeundae Beach, Busan. / Courtesy of POSCO E&C
By Park Jin-hai
By Park Jin-hai
POSCO E&C began construction of the nation’s tallest apartment complex, LCT, in Busan Thursday.
Some 300 guests, including company executives and politicians, participated in a ceremony to celebrate the start of construction.
The Haeundae Tourist Resort LCT Development Project will include construction of one 101-story building, the 411-meter tall Landmark Tower, and two 85-story residential towers (339 meters/333 meters) in the second largest city of Korea.
With a total investment of 1.5 trillion won, POSCO E&C will build the tower, the second-tallest landmark in Korea, and the tallest apartment complex here.
The construction is slated to be completed by November 2019.
“The LCT project will lift the city’s competitiveness by a notch and become an icon of innovation, making Busan a truly global city,” said company CEO Hwang Tae-hyun, during the groundbreaking ceremony in Haeundae, Busan.
“We pledge to successfully carry out the construction without a single misstep,” he added, showing his determination for safe and on-time construction.
Situated just behind a stretch of white sand along Haeundae Beach, it is expected to serve as a one-stop lifestyle center with facilities for everything from leisure and recreation to shopping and business.
The massive construction project, which once hit financial hurdles and cancelation of a contract with a previous builder, was given to POSCO E&C.
As the builder of the 305-meter-tall Northeast Asia Trade Tower, one of the tallest buildings in Korea, the company has secured the know-how and experience to build skyscrapers. It also built the Songdo First World and Busan Centum Star Tower.