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Auto Manufacturing Companies Enter Coworking As WeWork Leases 19 Floors To Hyundai

Hyundai Motor Company's move to occupy 19 floors of WeWork space in South Korea signifies a major step towards flexible workplace strategies in unexpected industries.

Dominic CatacorabyDominic Catacora
August 12, 2024
in News
Reading Time: 2 mins read
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Auto Manufacturing Companies Enter Coworking As WeWork Leases 19 Floors To Hyundai

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The automotive giant Hyundai Motor Company will occupy 19 floors of WeWork space in South Korea. 

The company secured 74,000 square feet at WeWork Seolleung and 3,700 square feet at WeWork Gangnam Station in Seoul, in a move that coincides with the rising trend among large enterprises to embrace flexible office solutions that cater to modern workforce demands. 

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The more that notable employers like Hyundai adopt flexible solutions, the more the future of work is likely to feature a blend of in-office, remote, and on-demand workspaces — in many cases, empowering employees to work from wherever they are most productive.  

In Hyundai’s case, the company has maintained an in-office five days a week policy, with goals to build upon collaboration, productivity and company-wide culture. 

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Yardi Kube automates flex & coworking operations

The announcement also highlights the need for flexible workspace providers to leverage their global networks to deliver proper scalable and agile solutions that can quickly respond to new workforce trends, if they want to stay competitive.  

WeWork announced that Hyundai is providing its employees with 1,000 WeWork All Access passes that offer them the flexibility to work from any WeWork location worldwide. This strategic use of WeWork’s global network allows Hyundai employees to utilize spaces that best suit their work needs. 

The future of work continues to be shaped by flexible workspace providers. This collaboration between Hyundai and WeWork reflects the broader global shift toward a more decentralized and employee-centric approach to workplace design, even in unexpected industries like auto manufacturing. This trend also positions companies to be more resilient and adaptable in a rapidly changing global business landscape.  

 

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Source: WeWork
Tags: Asia-PacificCoworkingCREInvestment
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Dominic Catacora

Dominic Catacora

Dominic Catacora is a Staff Writer for Allwork.space. He is based in Pittsburgh, PA. He graduated from Radford University in 2017 with a Bachelor of Science degree in Media Studies - Journalism. He has previously covered the Historic Triangle as a journalist living in Williamsburg, Va, and is now focused on writing related to the future of work.

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