(Press Release) Seoul, Korea SEPTEMBER 19, 2017

WeWork – the platform for creators that provides the space, community and services to help people make a life, not just a living – announced that it will open its fourth location in Korea, WeWork Yeoksam Station, in Capital Tower near Yeoksam Station, in late 2017.

WeWork has chosen Capital Tower close to Yeoksam Station for its fourth location to meet growing demand for WeWork community in Gangnam area and enhance collaboration with WeWork Gangnam Station and WeWork Samseong Station. Notably, the new location, which is at the heart of Teheran Road with close proximity to numerous enterprises, is expected to play a pivotal role in fostering WeWork’s community with significant diversity.

WeWork’s announcement to open a new location comes just a month after the opening of WeWork Samseong Station in August, demonstrating strong commitment to expanding its business in Korea. WeWork has been building a dynamic and diverse community through continuous business expansion in Seoul. Along with WeWork Gangnam Station, WeWork Euljiro and WeWork Samseong Station, the new location will make WeWork community accessible to all major business districts in Seoul and drive WeWork’s growth as a networking platform for WeWork members.

There has been a macro shift towards a new way of work in Korea, focused on finding meaning, and such trend is bringing attention to WeWork’s mission: to create a world where people work to make a life, not just a living. Indeed, WeWork has attracted members who love what they do and pursue ‘meaningfulness,’ and enables them to create synergy by exchanging various information and business know-how and finding business partners within the community. In particular, aside from startups and small to medium businesses, traditional large enterprises such as Amore Pacific and multinational companies such as Microsoft also joined as WeWork members in Korea, sharing WeWork’s mission and adding greater diversity to the community.

“Diversity is the greatest power of WeWork community. Encompassing startups and large enterprises, our community members of all sizes across different industries and cultural backgrounds represent what WeWork stands for”, said Matthew Shampine, General Manager, Korea at WeWork, “WeWork’s four locations linking the north and south parts of Seoul will deliver greater convenience to WeWork members and form a stronger WeWork community”.