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THE INVESTOR
November 13, 2019
Big Reunion

Startups & Investors

SparkPlus joins hands with scooter-sharing startup

  • PUBLISHED :October 31, 2019 - 14:30
  • UPDATED :October 31, 2019 - 15:26
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South Korean shared working space operator SparkPlus announced on Oct. 31 that it has joined hands with electric scooter-sharing service Kickgoing operator Olulo.

“We decided to cooperate with Olulo to provide a service that allows our tenants and visitors transport more economically and conveniently,” SparkPlus CEO Mok Jin-gun said in a statement. “We will continue to develop and provide more various and convenient services for the startup industry.”

 




SparkPlus added that through this partnership, the company can now provide Olulo’s “Kickgoing business,” which is a service provided to corporate clients of the scooter sharing company. The service will allow SparkPlus tenants to use the startup’s scooter at a discounted price.

SparkPlus also said it will provide a Kick Spot parking space at its SparkPlus Seolleung III, its new location that opened at the beginning of October.

Olulo added that the establishment of the parking spot is meaningful as it contributes to the company to provide a more organized service with an assigned place for parking.

In 2016, SparkPlus opened its first location jointly with global startup accelerator SparkLabs and Aju Hotel & Resort, a real estate arm of the construction-to-finance Aju conglomerate.

Eight of the shared working space operator’s 11 office spaces are currently located in Gangnam. The other three are in Seoul’s central business district -- near Seoul Station, Seoul City Hall and in the Euljiro area.

It plans to open up to four more offices by the end of next year.

Although its revenue reached 4.7 billion won ($4.05 million) in 2018, it has also posted a net loss of 1.5 billion won.

By Song Seung-hyun (ssh@heraldcorp.com)

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