Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Xi says he will consider S. Korea visit

    Xi says he will consider S. Korea visit
  2. 2

    Opposition party leader ends 24-day hunger strike for treatment

    Opposition party leader ends 24-day hunger strike for treatment
  3. 3

    Surveillance cameras to be a must in hospital operating rooms

    Surveillance cameras to be a must in hospital operating rooms
  4. 4

    [Weekender] Behind the scenes of Korean food crazes

    [Weekender] Behind the scenes of Korean food crazes
  5. 5

    US finalizes national security 'guardrails' for CHIPS funding

    US finalizes national security 'guardrails' for CHIPS funding
  6. 6

    S. Korea calls on Russia to 'transparently explain' its dealing with N. Korea amid suspected arms supply agreement

    S. Korea calls on Russia to 'transparently explain' its dealing with N. Korea amid suspected arms supply agreement
  7. 7

    [Herald Interview] ‘Another Body,’ a riveting documentary on devasting effects of deepfake porn

    [Herald Interview] ‘Another Body,’ a riveting documentary on devasting effects of deepfake porn
  8. 8

    Allies vow stern measures against Russia-N. Korea arms deal

    Allies vow stern measures against Russia-N. Korea arms deal
  9. 9

    From traditional to trendy, three of Seoul's top yukhoe spots

    From traditional to trendy, three of Seoul's top yukhoe spots
  10. 10

    [New in Korean] Ancient Korean mummy unearthed in Irish peatland

    [New in Korean] Ancient Korean mummy unearthed in Irish peatland
지나쌤

WeWork to invest $500m in Korea, Southeast Asia

By Catherine Chung

Published : Aug. 7, 2017 - 17:02

    • Link copied

WeWork, a global shared office space provider, said Monday it will invest a combined $500 million in South Korea and Southeast Asia as it attempts to expand its presence in the Asian market.

Under the expansion plan, the New York-based company has appointed Matt Shampine, currently head of Marketing and Revenue for Asia, as the General Manager of Korea. 

This file photo, taken on Aug. 2, 2016, shows the first Korean office of WeWork, a global coworking space provider, in southern Seoul. (Yonhap) This file photo, taken on Aug. 2, 2016, shows the first Korean office of WeWork, a global coworking space provider, in southern Seoul. (Yonhap)

"Today's announcement reaffirms WeWork's commitment to scaling our business across Asia," Miguel McKelvey, co-founder of WeWork, said in a press release without giving further details on the planned investment in South Korea.

WeWork, established in New York City in 2010, currently has over 163 offices in 15 countries, including three in Seoul after the first Korean WeWork office opened last year. (Yonhap)

More from Headlines