The Taipei Financial Center Corporation (TFCC) announced plans on 2 November 2009 to make Taipei 101 'the world's tallest green building' by summer of 2011 as measured by LEED standards. The property will return to the city in 2067. In 1997, led by developer Harace Lin, the Taipei Financial Center Corporation, a team of several Taiwan banks and insurance companies, won the rights to lease the site for 70 years and develop a building, placing the winning bid of NT$20,688,890,000 for the Build Operate Transfer agreement with the city government. The skyscraper opened on 31 December 2004 to celebrate New Year's Eve. Taipei 101 is owned by Taipei Financial Center Corporation. The tower is adjoined by a multilevel shopping mall that has the world's largest ruyi symbol as an exterior feature. The tower houses offices, restaurants, and indoor and outdoor observatories. Its design incorporates a number of features that enable the structure to withstand the Pacific Ring of Fire's earthquakes and the region's tropical storms. Taipei 101's postmodernist architectural style evokes traditional Asian aesthetics in a modern structure employing industrial materials. The structure regularly appears as an icon of Taipei in international media, and the Taipei 101 fireworks displays are a regular feature of New Year's Eve broadcasts. In 2011 Taipei 101 received a Platinum rating under the LEED certification system, becoming the tallest and largest green building in the world. The elevators that transport passengers from the 5th to the 89th floor in 37 seconds (attaining 60.6 km/h (37.7 mph)) set speed records.

Upon completion, it became the world's first skyscraper to exceed a height of half a kilometer. This building was officially classified as the world's tallest from its opening in 2004 until the 2009 completion of the Burj Khalifa in Dubai, UAE. Taipei 101 ( Chinese: 臺北101 pinyin: Táiběi yī líng yī stylized as TAIPEI 101), formerly known as the Taipei World Financial Center, is a skyscraper in Taipei, Taiwan.

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