Fast Five
Fast Five (패스트파이브) is South Korea's largest shared office operator, running 60+ branches across the Seoul metropolitan area. It provides flexible workspace on a multi-tier pricing model to startups, SMBs, large enterprises, foreign firms, regional companies, and solo entrepreneurs.
- Company typePrivate
- Founded2015
- HeadquartersSeoul, South Korea
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Fast Five does
Fast Five (패스트파이브) is South Korea's largest shared office operator, founded in January 2015 and headquartered in Seoul. The company runs a network of 60+ shared workspace branches concentrated in the Seoul metropolitan area and serves a deliberately broad customer base spanning startups, small and medium-sized businesses, large enterprises, foreign companies, regional companies, and solo entrepreneurs. Its scale and longevity (over 100 billion KRW, approximately $96M+, in cumulative equity raised across Series A through C rounds between 2016 and 2021) position it as the category leader in the domestic Korean flexible-workspace market.
The company's core product is flexible shared workspace, offered across multiple pricing tiers from individual desks starting at approximately 250,000 KRW per person through dedicated team areas and full floors. The platform extends beyond physical space through several branded offerings: a Credit Membership / "Work Anywhere" subscription that grants access to any branch across the network, a Building Solution consignment-management service that operates buildings Fast Five does not own, and Five Cloud, an IT consulting sub-brand. The underlying technology is operational rather than proprietary-software-based: the competitive edge sits in network density, location selection, and a partnership-driven approach to office operation rather than in any disclosed platform or AI capability.
The business model is volume-based, monetizing workspace utilization across a large distributed branch footprint. Fast Five has historically relied on a mix of Series A, B, and C equity financing from institutional Korean and regional investors (including Atinum Partners, Premier Partners, KB Investment, Korea Investment Partners, Kakao Investment, Hana Ventures, IMM Investment, SBI Investment Korea, and Shinhan Bank) to fund its branch expansion. Following the 2022 acquisition of Fairfield Asset Management, the company appears to be layering asset-light and management-service revenue on top of its core tenant-rent model, while 2026 announcements around the Songdo Central Branch and the Startup Basecamp program signal geographic and customer-segment expansion beyond the Seoul core.
Fast Five firmographics
Firmographics- Name
- Fast Five
- Legal name
- 패스트파이브(주) [Fast Five Co., Ltd.]
- Website
- https://fastfive.co.kr
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Fast Five (패스트파이브) is South Korea's largest shared office operator, running 60+ branches across the Seoul metropolitan area. It provides flexible workspace on a multi-tier pricing model to startups, SMBs, large enterprises, foreign firms, regional companies, and solo entrepreneurs.
- Ownership category
- akta.pro rank
Fast Five industry classification
Industry- Product category
- Coworking and Shared Office Space
- NAICS
- Office Administrative Services (561110)
- SIC
- Services-Facilities Support Management Services (8744)
- akta.pro primary industry
- Workplace & Office Support Services (Reception/Mailroom/Porterage/Helpdesk) (IMAIAAAD)
- akta.pro secondary industries
- Workplace Technology & Smart Office Support (Room Booking Systems, IT/AV Liaison) (IMAIALAK), Office Services & Supplies Management (Stationery, Inventory, Vendor Coordination) (IMAIALAH)
Keywords
Where Fast Five is headquartered
LocationHeadquarters
- HQ city
- Seoul
- HQ country
- South Korea
- HQ region
- Asia
Offices18 records
Markets served
Fast Five business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D
Revenue model
- Office Rental and Membership Subscription: Fast Five generates primary revenue through subscription-based office rentals across multiple product tiers: independent office, premium independent office, exclusive full-floor office, custom office, open desk, focus desk, and lounge office membership. Revenue is recurring on a monthly billing cycle with flexible terms from weekly to multi-year contracts. Additional upsell opportunities exist through premium locations, larger team accommodations, and add-on services.
- Corporate Solutions and Professional Services: Revenue streams from building entry inquiries (building solution), interior design services, IT consulting (Five Cloud), powered-by-FF headquarters building solutions, and studio programs for companies requiring filming facilities.
- Partner Ecosystem Products: Revenue from affiliated family sites including Five Spot, Credit Membership, Hyphen Design, Five Cloud, Five Ad, and Building Solution through referral and ecosystem integration.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Flexible monthly subscription office starting from 250,000 KRW per person with promotional rates at new locations |
| Per seat | Monthly | Focus Desk and Open Desk for individual users and freelancers |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels10 records
Fast Five product offering
Product offeringCore offering
Fast Five (패스트파이브) operates South Korea's largest shared office platform, providing flexible workspace solutions across 60+ locations in the Seoul metropolitan area. The company rents private offices (1-70 person capacity), flexible desk memberships, and lounge access on subscription contracts ranging from one week to ten years. It complements its core office rental offering with add-on services including IT consulting, interior design, and corporate headquarters construction.
Product overview
Fast Five operates as South Korea's leading shared office platform offering a portfolio of workspace solutions. The core offering consists of private offices (Independent Office for 1-30 people, Independent Office Premium for 30-50 people, and Exclusive Floor Office for 30-70 people) and flexible desk memberships (FiveSpot Lounge Office Membership, Open Desk, and Focus Desk). These core products are supplemented by add-on modules including Credit Membership/Work Anywhere (workspace subscription), Powered By FF (custom building construction), Interior Design services, Five Cloud IT Consulting, Building Solution (property management partnerships), Five Partner referral program, and Startup Basecamp support program. The company also offers specialized programs including Short-term Rental, IT Support Office, and Studio programs. Fast Five differentiates through flexible contracts with no penalty for scaling/resizing, minimal deposits, day-unit contracts, 60+ Seoul metropolitan locations with free lounge access, and all-inclusive pricing covering management fees, network, and cleaning. Founded in January 2015 with the first location, the company has expanded to 60+ domestic branches by 2026.
Differentiator
Problem solved
Functional benefit
Brands
- Five Spot (파이브스팟): Lounge office membership program allowing access to multiple Fast Five locations
- Credit Membership (크레딧 멤버십)
- Five Cloud (파이브클라우드)
- Hyphen Design (하이픈디자인)
- Building Solution (빌딩솔루션)
- Five Ad (파이브애드)
Products and services
- Independent Office (독립형 오피스)
- Independent Office Premium (독립형 오피스 프리미엄)
- Exclusive Floor Office (전층형 오피스)
- Custom Office (맞춤형 오피스)
- FiveSpot Lounge Office Membership (라운지 오피스 멤버십)
- Open Desk (오픈 데스크)
- Focus Desk (포커스 데스크)
- Credit Membership / Work Anywhere (크레딧 멤버십)
- Powered By FF (사옥 구축)
- Interior Design (사무실 인테리어)
- Five Cloud IT Consulting (종합 IT 컨설팅)
- Building Solution (건물 입점 문의)
- Startup Basecamp (스타트업 베이스캠프)
- Studio Program (스튜디오 프로그램)
Quantifiable outcome
- Zero management fees and 2x monthly rent deposit requirement vs industry standard
- +3 more outcomes
Companies that use Fast Five
Customer profileNamed customers3 records
Segments6 records
Ideal customer profiles4 records
Fast Five technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Fast Five partnerships and signals
Strategic signalScale indicators6 records
Recent moves7 records
Expansion highlights5 records
Fast Five competitors and assessment
Company assessmentDirect peers
- WeWork: Global coworking and flexible-office operator with operations in Korea. Directly comparable to Fast Five as a provider of shared offices, private offices, and enterprise workspace solutions across multiple locations under subscription pricing.
- IWG (Regus): World's largest flexible workspace operator under brands including Regus, Spaces, and Signature. Comparable to Fast Five in offering private offices, coworking, and virtual offices on subscription terms across a global branch network.
- JustCo: Asia-Pacific coworking operator with presence in Korea, offering flexible offices, coworking spaces, and enterprise solutions. Comparable to Fast Five in targeting startups, SMBs, and enterprises with multi-location access memberships.
- The Executive Centre: Premium serviced office and coworking provider across Asia-Pacific. Comparable to Fast Five's premium positioning, especially Independent Office Premium and Exclusive Floor products targeting larger enterprise customers.
- Industrious: Premium flexible workspace operator focused on enterprise-grade offices and coworking. Comparable to Fast Five's enterprise offering with full-floor offices, custom build-outs, and managed workplace services for large teams.
- PeopleWorks: Korean coworking and shared office operator with multiple Seoul locations. Direct local competitor to Fast Five, offering similar private offices, shared desks, and meeting rooms to Korean startups and SMBs.
- SpaceCloud: Korean shared office and coworking provider focused on the Seoul market. Direct competitor to Fast Five with comparable offerings in flexible desks, private offices, and event spaces for Korean SMBs and freelancers.
- Knotel: Formerly a major flexible-office provider focused on enterprise-grade customized headquarters. Comparable in business model (custom office solutions, enterprise focus) but currently operating under post-bankruptcy restructuring — useful as a cautionary peer.
- Spaces (IWG brand): Design-led coworking and creative workspace brand under IWG. Comparable to Fast Five in targeting creative professionals and SMBs with premium, design-forward flexible office environments.
Regional players
- Fastfive Korea competitors - Lounge P: Korean shared office operator serving Seoul's Gangnam district with premium coworking offerings. Comparable regional competitor to Fast Five's premium Gangnam locations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Fast Five social profiles
Digital presenceFast Five financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fast Five leadership team
Management profileNumber of profiles
Profiles3 records
Fast Five funding detail
Funding detailFunding overview
Funding rounds6 records
Investors18 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fast Five M&A and investment
M&A and investmentM&A1 record
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fast Five
What does Fast Five do?
Fast Five (패스트파이브) operates South Korea's largest shared office platform, providing flexible workspace solutions across 60+ locations in the Seoul metropolitan area. The company rents private offices (1-70 person capacity), flexible desk memberships, and lounge access on subscription contracts ranging from one week to ten years. It complements its core office rental offering with add-on services including IT consulting, interior design, and corporate headquarters construction.
Is Fast Five a public or private company?
Fast Five is a private company. It is classified as venture growth investor backed and is currently operating.
When was Fast Five founded?
Fast Five was founded in 2015. It employs 1 to 10 people.
Where is Fast Five based?
Fast Five is headquartered in Seoul, South Korea, in the Asia region.
How does Fast Five make money?
Three revenue lines are on record. Office Rental and Membership Subscription is the primary driver. The others are corporate Solutions and Professional Services and partner Ecosystem Products.
Who are Fast Five's main competitors?
Direct peers on record are WeWork, IWG (Regus), JustCo, The Executive Centre, Industrious, PeopleWorks, SpaceCloud, Knotel and Spaces (IWG brand). Fastfive Korea competitors - Lounge P is listed as a regional player.
Does Fast Five have an API?
No public API is recorded for Fast Five.
What industry is Fast Five in?
Fast Five's product category is Coworking and Shared Office Space. Its primary akta.pro industry code is IMAIAAAD, Workplace & Office Support Services (Reception/Mailroom/Porterage/Helpdesk), with a secondary code of IMAIALAK, Workplace Technology & Smart Office Support (Room Booking Systems, IT/AV Liaison). Its NAICS code is 561110 and its SIC code is 8744.