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Rank Award and Prize
1st Prize
(1 entry or possibly none selected)
The winner gains the exclusive right valued at maximum of
USD3,800,000 to design the Magok Waterfront
2nd Prize
(1 entry or possibly none selected)
Award and prize money of USD100,000
3rd Prize
(1 or 2 entries or possibly none selected)
Award and prize money of USD50,000
Merit Award
(a maximum of 5 entries or possibly none selected)
Award and prize money of USD10,000