NEW YORK and SEOUL, South Korea, Dec. 16, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to global corporations, institutional investors, and owners and occupiers, announces it has established its Korean flagship in Seoul, hiring a seasoned leadership team across multiple disciplines. The office, located in the IFC Complex in Yeouido, officially opens this month and will focus on all industry verticals and asset classes. The business will be led by John Pritchard serving as Managing Director and Country Head. Pritchard brings nearly two decades of experience, having advised global corporates on some of the Korean market's largest occupier transactions.
"Our entry into Korea reflects Newmark's continued evolution as a truly global firm," said Barry Gosin, Chief Executive Officer of Newmark. "Korea is one of Asia's most advanced and rapidly growing economies, defined by innovation and global influence. Establishing a presence here allows us to support corporations expanding internationally and deliver world-class advisory services to clients entering the market. This reinforces our long-term commitment to building a connected, future-focused platform that meets the evolving needs of global clients."
Together with Pritchard, the launch of Newmark's operations in Korea will include a dynamic team operating across key service disciplines. Collectively, the team arrives from leading multinational commercial real estate firms, contributing a broad spectrum of expertise across Korea's most active sectors.
"Newmark's business in Korea embodies the next generation of real estate advisory – tech-enabled, insight-driven, and globally connected," said John Pritchard, Managing Director and Country Head – Korea. "As the world's 10th-largest economy and a global leader in sectors including technology, automotive, logistics, and finance, the country's outward investment momentum and deep corporate sophistication make it a central gateway for international occupiers and investors. With an accomplished leadership team already in place, we are establishing a presence that connects Korea's most innovative enterprises to opportunities worldwide."
As one of the fastest-growing commercial real estate firms in the world, Newmark continues to invest in expanding its capabilities, infrastructure, and geographic footprint, building on its record of sustained growth and its commitment to excellence across service lines and geographies. The opening of Newmark's Korea office follows recent expansions in Bangalore, Chennai, Dubai, Singapore, Munich and Paris.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2025, Newmark generated revenues of over $3.1 billion. As of September 30, 2025, Newmark and its business partners together operated from approximately 170 offices with over 8,500 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
