On April 3, 2017, the Lotte World Tower officially opened in Songpa-gu, Seoul as the tallest skyscraper in Korea. The tower boasts an altitude of 555 meters and consists of 123 ground level floors and six basement floors. It is the sixth tallest building in the world after the Burj Khalifa in Dubai (828m) and the Shanghai Tower in China (632m). Shopping and cultural activities are located between floors B2 to 11F, floors 42F to 71F houses residential space, and the SIGNIEL Hotel, the tallest hotel in Seoul, occupies the space between floors 74F and 101F. A fireworks display was carried out during the evening of April 2 in celebration of the opening.