The 569m building will break ground in the first half of 2020, Seoul city said in a statement.
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The construction, originally scheduled to commence in 2016, was delayed partly due to security concerns raised by South Korea's air force, which said the building would interfere with radar and military operations, a Seoul city official said. The building, consisting of 105 floors, will house not only offices, but a car theme park, a hotel, a concert hall and a convention centre, according to its 2014 plan. It will be home to 18,000 employees from 30 affiliates of the conglomerate, it said at the time.
needed to develop its new headquarters, following a call by US hedge fund Elliott Management Corp to drop the controversial project.
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