#South Korea #Seoul #Newmark #John Pritchard #Korean market

Newmark Expands Operations in South Korea

Newmark Group, Inc. (Nasdaq: NMRK), a prominent player in global commercial real estate advisory, has officially launched its flagship office in Seoul, South Korea. This pivotal move represents Newmark's ongoing dedication to enhancing its presence across the Asia-Pacific (APAC) region. The newly opened office, located in the prestigious IFC Complex in Yeouido, is set to cater to various industry verticals and asset classes, focusing on establishing a robust framework to support both local and international clients.

Leadership and Expertise

At the helm of this new venture is John Pritchard, who has been appointed as the Managing Director and Country Head. With nearly two decades of experience in the commercial real estate landscape of Korea, Pritchard brings a wealth of knowledge, having been involved in some of the country’s largest occupier transactions for global corporations. His leadership will be instrumental as Newmark aims to deliver unparalleled advisory services tailored to the specific needs of clients entering the South Korean market.

Pritchard emphasized, “Newmark's business in Korea embodies the next generation of real estate advisory – tech-enabled, insight-driven, and globally connected.” He remarked on South Korea's significance as the 10th-largest economy globally and its status as a leader in key sectors like technology, automotive, logistics, and finance. This strategic entry will facilitate connections between Korea's innovative businesses and global opportunities.

A Dynamic Team with Diverse Expertise

The launch of Newmark's Korean office is complemented by a team of seasoned professionals carefully selected from leading multinational commercial real estate firms. The team members collectively bring a diverse range of expertise across Korea's most active sectors, including:

• - Karis Kim, who leads retail tenant representation and has been instrumental in shaping major retail transactions for leading global brands.
• - Judy Jang, serving as the head of research with over 20 years of experience in pioneering market reports. Her insights will drive Newmark's research capabilities in the region.
• - Miji Kyung, as Associate Director, she specializes in advising multinational clients on corporate real estate strategies in Korea.
• - Sienna Ahn and Leadley Park are both involved in leasing advisory efforts across different commercial sectors, ensuring top-tier service delivery.
• - Chan Joung, who focuses on advising Korean businesses on overseas expansion strategies.

This robust team is poised to redefine the real estate advisory landscape in Korea, ensuring clients receive comprehensive support that reflects the industry’s evolving dynamics.

Commitment to Innovation and Growth

Newmark’s presence in South Korea signals its strong commitment to innovation and growth in APAC, following recent expansions into cities like Bangalore, Dubai, and Munich. This strategic move is part of Newmark's broader mission to provide unmatched service, backed by technology and deep market insights. With over 8,500 professionals operating in approximately 170 offices globally, Newmark is well-positioned to serve clients worldwide.

In conclusion, the establishment of Newmark's office in Korea is not just an expansion of geographical footprint but a step toward building a connected, future-focused platform. This initiative positions Newmark as a vital partner for corporations aiming to navigate the complexities of the commercial real estate market, reinforcing its role as a leading advisor in a rapidly evolving global economy.