WeWork has added its branding to Seoul's Jongno Tower, one of the South Korean capital's most famous skyscrapers. The co-working giant entered the Korean market in 2016 and has already seen its logo placed on Seoul Square in one of the busiest areas of the city. In a statement released by WeWork, it said that "the design is inspired by traditional architecture with modern technology at its core. LG Household & Healthcare and Hana Financial have both taken space in offices operated by WeWork. According to a survey by real estate consulting company R2Korea on 1,278 office buildings around Seoul, the vacancy rate for office buildings in the second quarter this year decreased by 0.4 percentage points to 9.6 percent compared to the previous quarter. The local co-working market is forecast to grow by 63% a year and will be worth KRW770bn ($685m) in 2022, according to KT Economics and Management Research Institute.
WeWork has added its branding to Seoul's Jongno Tower, one of the South Korean capital's most famous skyscrapers. The co-working giant entered the Korean market in 2016 and has already seen its logo placed on Seoul Square in one of the busiest areas of the city. In a statement released by WeWork, it said that "the design is inspired by traditional architecture with modern technology at its core. LG Household & Healthcare and Hana Financial have both taken space in offices operated by WeWork. The local co-working market is forecast to grow by 63% a year and will be worth KRW770bn ($685m) in 2022, according to KT Economics and Management Research Institute.