CoSpot

What CoSpot does

CoSpot (주)코스팟 is a private South Korean coworking and business workspace operator founded in 2017, headquartered on the 6th floor of SR Plaza in Suwon, Gyeonggi-do, within a 5-minute walk of Suwon Station (Gyeongbu Line, Line 1, Bundang Line, Exit 7). The company serves freelancers, consultants, remote workers, small businesses, and virtual-office users in the Suwon area with a tiered product line: Private Offices (1-person to multi-employee suites), Dedicated Desks (from KRW 150,000/month), Hot Desks (KRW 120,000/month), 1DAY Desks (KRW 11,000/day), Virtual Office services (business registration address and mail reception), and Conference Rooms (KRW 10,000-20,000/hour). All members share a common amenity stack including GiGA-grade internet, LG individual climate control, air purification, 3-layer security, a high-spec A3 color copier, and unlimited premium coffee.

The underlying technology is primarily physical infrastructure rather than software: dedicated connectivity, HVAC, and security systems, complemented by a basic website with inquiry forms and location information. CoSpot does not offer a mobile app, public API, or SDK, and no AI/ML capabilities are disclosed. Distribution is direct-to-consumer, with marketing running through the company website, location-based discovery at Suwon Station, and walk-in inquiries (1-hour free parking is offered to tour participants). The company bundles an unusual add-on layer of professional services — legal, accounting, patent, permit, and general management consulting — aimed at supporting startup-phase members beyond the physical space itself.

Commercially, CoSpot generates revenue through a mix of recurring subscriptions (desks, virtual office, private offices), usage-based charges (conference rooms), and unit-priced daily passes. No funding rounds, institutional investors, parent company, headcount figures, patents, partnerships, or revenue disclosures are present in the source data. The business operates from a single location, with social media channels still listed as 'preparing' on the website, indicating limited investment in digital growth channels at this stage.

Name

CoSpot

Legal name

(주)코스팟

Website

https://cospot.co.kr

Company type

Private

Founded year

2017

Operating status

Operating

Short description

CoSpot (주)코스팟 is a private South Korean coworking and virtual office operator founded in 2017, serving freelancers, startups, and SMBs from a single location near Suwon Station with desks, private offices, meeting rooms, and bundled business consulting.

Ownership category

akta.pro rank

Headquarters

HQ city

Gunpo

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Private Office Rental: Revenue from renting independent private office spaces to businesses. Available in various sizes from single-person rooms to larger team spaces.
2. Dedicated Desk Membership: Monthly subscription for dedicated desk space in shared environment. Priced from KRW 150,000/month. Includes fixed or flexible seating options.
3. Hot Desk Membership: Monthly subscription for hot-desking option at KRW 120,000/month. Allows use of CoSpot's cafe space with office facilities.
4. 1DAY Desk: Daily pass option for KRW 11,000/day (tax included). Provides access to designated desk and all office facilities for one day.
5. Conference Room Rental: Hourly rental of conference rooms. M01 room: KRW 10,000/hour (capacity 5 persons), M02 room: KRW 20,000/hour (capacity 9 persons). Booked on first-come-first-served basis.
6. Virtual Office Service: Provides business registration address and mail reception services without physical office rental. Includes mail reception and notification via email.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

CoSpot is a single-location coworking and business workspace provider operating from the 6th floor of SR Plaza near Suwon Station in South Korea. It rents private offices, dedicated desks, hot desks, daily-pass desks, virtual offices, and conference rooms to individual professionals, freelancers, and small businesses on monthly subscription, daily, and hourly terms. It also bundles legal, accounting, patent, and permit consulting services aimed at supporting startup tenants.

Product overview

CoSpot is a coworking and business workspace provider offering a comprehensive portfolio of flexible office solutions. The core offerings include Private Office (independent enclosed spaces), dedicated and hot desks in shared areas, 1DAY desk rentals for daily use, Virtual Office services for business registration, and Conference Room rentals. All spaces feature shared amenities including GiGA high-speed internet, security systems, air purification, and complimentary beverages. The company positions itself as a premium workspace solution for business professionals near Suwon Station, with additional support services for legal, accounting, patents, and business consulting.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Office Independent enclosed office spaces ranging from 1-person rooms to multi-employee suites, equipped with individual heating and cooling systems, exclusive mailboxes, and shared amenities, designed for focused work by individuals or small teams.
• Dedicated Desk Reserved desk in a shared open-space environment with fixed or flexible seating options and premium office furniture, offered as a monthly subscription starting from KRW 150,000/month for individual professionals and small teams.
• Hot Desk Flexible hot-desking option that allows use of CoSpot's cafe-style workspace with premium office facilities at KRW 120,000/month, aimed at budget-conscious freelancers and professionals.
• 1DAY Desk Daily desk rental granting access to a designated desk and all CoSpot office facilities for one day, priced at KRW 11,000/day including VAT, for short-term or occasional users.
• Virtual Office Virtual office service that provides a Suwon business registration address and mail reception with email notification, allowing entrepreneurs to operate without a physical office while retaining on-demand access to meeting rooms and the business cafe.
• Conference Room Hourly meeting room rental in two sizes—M01 (capacity 5 persons at KRW 10,000/hour) and M02 (capacity 9 persons at KRW 20,000/hour)—equipped with air purification, GiGA internet, and complimentary premium beverages, booked on a first-come-first-served basis.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Regional players

• Garage Society: Hong Kong-headquartered coworking brand with locations across APAC. Comparable premium coworking positioning, event space, and target segments to CoSpot, though not currently operating in Korea.
• Common Ground: Malaysia-based coworking operator expanding across Southeast Asia with similar premium coworking product and SMB target. Comparable business model and pricing tier, though operating in a different geography than CoSpot.

Broad incumbents

• WeWork: Global coworking and flexible workspace incumbent operating hundreds of locations. While CoSpot is a single-site Korean operator and WeWork is global, both sell essentially the same product (private offices, dedicated desks, hot desks, meeting rooms) to similar SMB and freelancer segments.
• IWG (Regus / Spaces / HQ): World's largest flexible workspace operator with thousands of locations under the Regus, Spaces, HQ, and Signature brands. Comparable product offering (private offices, virtual offices, meeting rooms) but vastly larger global footprint and broader customer base than CoSpot.
• JustCo: Major Asia-Pacific coworking operator with locations across Singapore, Korea, China, and Southeast Asia. Comparable product mix (private office, hot desk, virtual office, event space) and target segments to CoSpot, though at much larger scale.
• The Executive Centre: Premium flexible workspace operator across Asia Pacific (including Seoul). Comparable premium positioning, virtual office, and serviced office offerings to CoSpot, targeting professional and executive segments.

Direct peers

• FastFive: Korean coworking brand with multiple locations, offering flexible office products to freelancers, startups, and SMBs. Directly competes with CoSpot in the same Korean Gyeonggi/Seoul metro market with similar product taxonomy.
• Awfis: India's largest coworking operator with a network of centers offering private offices, dedicated desks, hot desks, virtual offices, and meeting rooms. Similar product ladder and target SMB/startup segments, though geographically distinct.
• SparkPlus: Korean coworking operator with a multi-site footprint in Seoul and Gyeonggi, offering private offices, dedicated desks, meeting rooms, and virtual offices at similar price points to CoSpot. Most direct domestic competitor given shared geography and overlapping SMB/freelancer target.

Emerging players

• 월세사무실 (Monthly Office) operators in Korea: Local Korean monthly-rent office brands (e.g., 오피스엠, 리치오피스) provide private small offices at lower price points than coworking, targeting the same freelancer and micro-SMB segments that CoSpot addresses with its Private Office tier. These are partial substitutes for CoSpot's higher-tier offerings.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CoSpot