C.Y. Lee & partners and constructed primarily by KTRT Joint Venture and numerous subcontractors including Samsung C&T received the 2004 Emporis Skyscraper Award. The tower has served as an icon of modern Taiwan ever since its opening. Fireworks launched from Taipei 101 feature prominently in international New Year's Eve broadcasts and the structure appears frequently in travel literature and international media.
Taipei 101 comprises 101 floors above ground and 5 floors underground. The name of the tower reflects its floor count. The building was architecturally created as a symbol of the evolution of technology and Asian tradition (see "Symbolism" below.) Its postmodernist approach to style incorporates traditional design elements and gives them modern treatments. The tower is designed to withstand typhoons and earthquakes. A multi-level shopping mall adjoins the tower houses to hundreds of fashionable stores, restaurants and clubs.