Greenland to remake seoul skyline

Greenland Group said on Monday it plans to invest more than 20 billion yuan ($3.22 billion) to build the tallest twin tower in Seoul, the latest massive project by the Chinese State-backed developer overseas.

Greenland said that it had signed a memorandum of understanding with the Seoul government on Monday, and the project will serve as its headquarters in South Korea.

"Economic and trade ties between the two countries will further expand, and the related demand will give a big push to South Korea's real estate market", the Shanghai-based company said in a statement.