‘Busan Lotte Tower’ Finally Breaks Ground ... Groundbreaking Ceremony Held on the 17th

Groundbreaking Ceremony at Busan Lotte Tower Site at 11 AM on the 17th, Keeping Promise with Citizens

'Busan Lotte Tower Construction' Stalled for 23 Years... Construction and Project Advancement in Full Swing

Busan City fulfilled its promise to the citizens of ‘Busan Lotte Tower Construction’ by announcing the groundbreaking on the 17th, keeping the promise after 23 years.

Perspective view of Busan Lotte Tower.

Busan City announced that the ‘Busan Lotte Tower Groundbreaking Ceremony’ will be held at 11 a.m. on the 17th at the Busan Lotte Tower construction site (Jung-gu, Jungang-dong).

The groundbreaking ceremony will be attended by about 60 people including Mayor Park Hyung-jun, architect Kengo Kuma, and Lotte Shopping Vice Chairman Kim Sang-hyun, and will proceed in the order of ▲opening ceremony ▲commemorative speech ▲congratulatory speech ▲groundbreaking ceremony.

Also, prior to the groundbreaking ceremony, Mayor Park Hyung-jun and architect Kengo Kuma will hold a talk concert on the theme of ‘The Future of Busan Architecture’ focusing on balanced ‘responsible architecture.’

This groundbreaking ceremony is the result of Mayor Park Hyung-jun’s strong will since taking office to fulfill the long-delayed promise of ‘Busan Lotte Tower Construction’ that had not been kept for a long time.

The Busan Lotte Tower construction project has been suspended or stalled for various reasons over the past 23 years since the building permit was issued in 2000.

To normalize the project, the city has persistently pressured and promoted it in various ways while respecting corporate autonomy through numerous unofficial working-level consultations, negotiations, persuasion, press briefings, and various reviews. As a result of these efforts, the city signed a tripartite business agreement with Lotte Holdings and Lotte Shopping in June last year to smoothly promote the Busan Lotte Tower construction project.

Through this, they promised mutual cooperation on ▲efforts to build Lotte Tower by 2025 ▲selection of the name through a public contest ▲priority participation of local companies to contribute to revitalizing the local economy ▲support for attracting the 2030 World Expo using the group’s network, and the three organizations are still faithfully implementing the agreement.

With the groundbreaking on this day, Busan Lotte Tower is expected to be built with 67 floors above ground and a height of 342.5 meters by 2026.

Mayor Park Hyung-jun said, “Busan City has finally been able to keep the promise made to the citizens 23 years ago on the 17th,” and added, “The city will spare no administrative support to ensure that Busan Lotte Tower is built as a new landmark that embodies Busan’s history, symbolism, and future orientation.”

This content was produced with the assistance of AI translation services.