Lotte Department Store CEO Lee Chul - woo asserted that the “ Lotte World II ” scheme which is underway in Jamsil , Seoul will be promoted in its original form . “ The Lotte World II in Jamsil will be a 112 - story building which is 1 . 5 - fold the existing Coex Mall in size , ” said Lee during his presentation of the company ’ s pending projects at the Korea Distribution Association Forum held in the Marriott Hotel Seoul on April 24 . “ The second hall of the luxury goods department store Avenuel , various specialty stores , category killer shops and retailers ’ brand shops will be located on the Lotte World II , ” according to Lee . The scheme of establishing the Lotte World II ( 112 stories and 555 meters in height ) in Jamsil , Seoul is Lotte Group ’ s project cherished for ten years and had been approved by the Seoul Metropolitan Government . However , the central government disapproved the project July last year advised by the National Defense Ministry ’ s opinion that the skyscraper is likely to impede aviation safety and consequently , the future of the project has been doubtful . Regarding overseas projects , Lee said , “ Lotte Department Store has opened a store in Moscow , Russia , which will be followed by another one in Beijing , China in coming July . We are also looking for store sites in India and Vietnam . ” [ Sun - young Park / KHS ] [ ⓒ Maeil Business Newspaper & mk . co . kr , All rights reserved ]