Yangcheon District Opens “Public Shared Office” at Half the Price in Yeomchang-dong

Supporting Young Entrepreneurs and Small Businesses
with Affordable Startup Spaces

Yangcheon District in Seoul (Mayor Lee Gijae) announced on the 18th that it has officially opened and begun operations of “Yangcheon Public Shared Office (Yangcheon Gonggong-o),” a low-cost, high-efficiency workspace designed to support the stable growth and activities of startups, on the 17th.

Lee Gi-jae, Mayor of Yangcheon District, is delivering a greeting at the opening ceremony of Yangcheon Public Library. Provided by Yangcheon District Office.

The “Yangcheon Public Shared Office” was established using a privately donated facility near Yeomchang Station on Subway Line 9 (Mok-dong 515-5). Spanning the 2nd to 4th floors with a total floor area of 1,902 square meters, the facility offers not only independent offices but also a variety of shared spaces for networking and relaxation, such as meeting rooms and lounges.

The second floor features an open-plan coworking space, meeting rooms for small group discussions, a conference room for lectures and large meetings, as well as a cafeteria, lounge, and mailroom. The district plans to foster an environment where collaboration and creative exchange among resident companies are actively encouraged, centering around these shared spaces.

The third and fourth floors house 22 companies. The independent offices are comprised of six 3-person rooms, eight 4-person rooms, four 6-person rooms, and four 8-person rooms, each equipped with essential office furniture and facilities accessible 24 hours a day. The district recruited and selected resident companies through a review process that began in May. The standard occupancy period is one year, with the possibility of extension up to three years based on evaluation results. Usage fees are set at a lower level compared to private shared offices, reducing the burden on early-stage startups.

Yangcheon District plans to discover collaborative projects among resident companies and operate programs for mutual growth with local businesses to drive technological and service innovation. Additionally, the district aims to expand the startup infrastructure by establishing more shared offices at sites such as the Omokgyo KT site and the new post office site.

Mayor Lee Gijae stated, “The achievements of the 22 companies moving in this time are closely tied to the future of Yangcheon District’s startup policy,” adding, “I hope that all resident companies will grow based on passion and competitiveness and become exemplary cases for others.”

View of the cafeteria on the 2nd floor of Yangcheon Public Office. Provided by Yangcheon District.

View of the office space of 'Yangcheon Gonggong-o'. Provided by Yangcheon District.

This content was produced with the assistance of AI translation services.