Skyscrapers have been built all over the world to showcase one country or other’s clout in the international stage, especially when it comes to the global economy. The construction of these dizzying towers of advanced and ultra-sturdy materials also tend to serve as testing grounds to break some world records, particularly in regards to the height and sometimes other quirks of the skyscraper in question. Now, at present the Burj Khalifa in Dubai is still the tallest skyscraper in the world, but a newly opened structure in South Korea is making a few splashes of its own, having either set or broken three world records.

As CNN tells it, this April saw the opening of the Lotte World Tower in Seoul, after being under construction for six years. It is now the tallest building in South Korea, also home to both the world’s fastest elevator and highest glass bottom observatory. As an added bonus the Lotte World Tower, developed by Lotte Engineering and Construction, is now the title holder for fifth tallest building in the world. Rising to a height of 555 meters, just over half a kilometer in all, observers from the top platform get treated to a near-unobstructed view of the whole capital city of South Korea along with some of the surrounding countryside.

Lotte World Tower beat the previous tallest South Korean skyscraper, Three IFC Office Tower, by an overwhelming advantage of almost 300 meters. Its record-breaking glass bottom observatory is 478 meters up. Finally, its unbelievably speedy Sky Shuttle elevator is so fast that it can cover the distance of the building’s basement level all the way up to the 121st floor observation deck in roughly one minute. The Sky Shuttle, designed and manufactured by America’s Otis Elevator Company for Lotte, can ascend or descend at a speed of 10 meters per second. It consists of two extra-large attached cabins – each with a max 52-passenger capacity – that are stacked atop one another in order to simultaneously serve adjacent floors, a system also used in the elevators of the Burj Khalifa and the Eiffel Tower.

Lotte plans to have a multitude of commercial establishments setting up shop at the Lotte World Tower. Already slated are several shopping complexes, condo residences, corporate offices as well as a “seven-star” rated luxury hotel. Engineers have assured the safety of the structure, which was designed in theory to be able to withstand both winds of up to 80 miles per hour and earthquakes reaching up to magnitude 8 on the Richter scale.

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