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THE INVESTOR
August 10, 2020
Big Reunion

Startups & Investors

WeWork sets monthly record of new location openings in December

  • PUBLISHED :December 06, 2019 - 23:39
  • UPDATED :December 06, 2019 - 23:39
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Co-working space giant WeWork said Dec. 6 that it had launched 52 locations in cities around the world in December, a monthly record. It plans to open more offices before the end of this year.

In the past 90 days, the New York-headquartered company signed new contracts with 280 companies. Two-thirds of the Global Fortune 50 utilize co-working space services offered by WeWork. The space-sharing firm said companies, both large and small, seek flexible and scalable workplace solutions and an environment that enhances productivity and employee engagement.




“This monthly record number of new building openings is driven by strong demand from companies of all sizes for co-working in our beautiful, functional spaces, and the flexibility of our space-as-a-service platform,” Marcelo Claure, executive chairman of WeWork, said in a press release.

“WeWork continues to provide an exceptional member experience, as we meet the evolving and global real estate needs of companies across our regions.”

The South Korean branch of the co-working space firm recently added new floors across different locations in Gangnam and Yeouido, two of the largest business districts in Seoul.

Next year, it will launch WeWork Sinnonhyeon, which will be located within walking distance of subway stations such as Sinnonhyeon Station and Gangnam Station.

“The added locations around the world will provide a wider global access and higher level of flexibility to our members in Korea,” said Turochas Fuad, managing director of WeWork’s South Korea and Southeast Asia unit.

WeWork now has over 609,000 members across 625 locations in over 127 cities and 33 countries.

By Kim Young-won (wone0102@heraldcorp.com)

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