Yongsan International Business District
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Yongsan International Business District
Yongsan Dreamhub (also known as the Yongsan International Business District) is a 28 – 31 trillion-won ($22.6 – $27 billion) project that was planned to be built on the banks of the Han River near Yongsan Station at the area of the Yongsan District, central Seoul, South Korea. Background The Yongsan District is a relatively large area of the megalopolis of Seoul that is seen as not significantly developed. It is a site of the American Yongsan Garrison which covers 16% of the district. The development proposal aimed to turn it into a modern sprawl of offices, malls, hotels and apartments, hoping to create a new signature district of Korea. History The project's main developers included the South Korean public transport company, Korail, which owns some underused land in Yongsan. In total, about 29 corporations, backed up the South Korean government, were involved in the project. Some of the plans for the development included that for a skyscraper that would be the tallest ...
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Dream Tower
Dream Tower ( ko, 드림 타워) was a 665 m megatall skyscraper proposed for the new Yongsan International Business District, Seoul, South Korea. It would replace the original Triple One Tower. The Triple One Tower was supposed to be 620 meters. However, it has been renamed Dream tower (Korial Tower), and has been redesigned. With 150 stories, the building was going to be the centrepiece of the Yongsan Dreamhub, a 28-trillion-won ($22.6-billion) project to be built on the banks of the Han River near Yongsan Station. Demolition of the site started in 2010 and ground breaking was scheduled to start in 2011. As of 2013, the Yongsan Dreamhub plans have been cancelled. See also * List of buildings with 100 floors or more *List of tallest buildings in Seoul This list of tallest buildings in Seoul ranks skyscrapers in the South Korean capital city of Seoul by height. The tallest in the city is currently the 555 m (1,821 ft) Lotte World Tower with 123 floors. Th ...
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Class-action Lawsuit
A class action, also known as a class-action lawsuit, class suit, or representative action, is a type of lawsuit where one of the parties is a group of people who are represented collectively by a member or members of that group. The class action originated in the United States and is still predominantly a US phenomenon, but Canada, as well as several European countries with civil law, have made changes in recent years to allow consumer organizations to bring claims on behalf of consumers. Description In a typical class action, a plaintiff sues a defendant or a number of defendants on behalf of a group, or class, of absent parties. This differs from a traditional lawsuit, where one party sues another party, and all of the parties are present in court. Although standards differ between states and countries, class actions are most common where the allegations usually involve at least 40 people who the same defendant has injured in the same way. Instead of each damaged person bring ...
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Samsung
The Samsung Group (or simply Samsung) ( ko, 삼성 ) is a South Korean multinational manufacturing conglomerate headquartered in Samsung Town, Seoul, South Korea. It comprises numerous affiliated businesses, most of them united under the ''Samsung'' brand, and is the largest South Korean (business conglomerate). Samsung has the eighth highest global brand value. Samsung was founded by Lee Byung-chul in 1938 as a trading company. Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities, and retail. Samsung entered the electronics industry in the late 1960s and the construction and shipbuilding industries in the mid-1970s; these areas would drive its subsequent growth. Following Lee's death in 1987, Samsung was separated into five business groups – Samsung Group, Shinsegae Group, CJ Group and Hansol Group, and JoongAng Group. Notable Samsung industrial affiliates include Samsung Electronics (the wor ...
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Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ...
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September 11 Attacks
The September 11 attacks, commonly known as 9/11, were four coordinated suicide terrorist attacks carried out by al-Qaeda against the United States on Tuesday, September 11, 2001. That morning, nineteen terrorists hijacked four commercial airliners scheduled to travel from the Northeastern United States to California. The hijackers crashed the first two planes into the Twin Towers of the World Trade Center in New York City, and the third plane into the Pentagon (the headquarters of the United States military) in Arlington County, Virginia. The fourth plane was intended to hit a federal government building in Washington, D.C., but crashed in a field following a passenger revolt. The attacks killed nearly 3,000 people and instigated the war on terror. The first impact was that of American Airlines Flight 11. It was crashed into the North Tower of the World Trade Center complex in Lower Manhattan at 8:46 a.m. Seventeen minutes later, at 9:03, the World Trade Center’s S ...
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World Trade Center (1973–2001)
The original World Trade Center (WTC) was a large complex of seven buildings in the Financial District of Lower Manhattan in New York City. It opened on April 4, 1973, and was destroyed in 2001 during the September 11 attacks. At the time of their completion, the Twin Towers—the original 1 World Trade Center (the North Tower) at ; and 2 World Trade Center (the South Tower) at —were the tallest buildings in the world. Other buildings in the complex included the Marriott World Trade Center (3 WTC), 4 WTC, 5 WTC, 6 WTC, and 7 WTC. The complex contained of office space. The core complex was built between 1966 and 1975, at a cost of $400 million (equivalent to $3.56 billion in 2022). The idea was suggested by David Rockefeller to help stimulate urban renewal in Lower Manhattan, and his brother Nelson signed the legislation to build it. The buildings at the complex were designed by Minoru Yamasaki. In 1998, the Port Authority of New York and New Jersey decided ...
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Yongsan Landmark Tower
The Digital Media City Landmark Building ( ko, 디지털 미디어 시티 랜드마크 빌딩) or DMC Landmark Building, also known as ''Seoul Lite'' or ''Light Tower'', was a 133-floor, supertall skyscraper proposed for construction in Digital Media City, Seoul, South Korea. It was slated to become the List of tallest buildings in the world, third-tallest building in the world when completed, after Burj Khalifa and Pingan International Finance Centre. It would have been the tallest building in Korea. Construction broke ground on 16 October 2009, and was scheduled to be completed and ready for occupancy by April 2015. It was to be built with the country's own capital and technology at an estimated cost of 3.3 trillion South Korean won, won (US$2.9 billion). The design and engineering of the DMC Landmark Building was performed by Skidmore, Owings & Merrill. The local architect of record was Samoo. The building was to house an observation deck on 133rd floor at , from which visito ...
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