SEOUL, Korea, April 16, 2026 /PRNewswire/ — Newmark has announced a series of strategic appointments across its South Korea business, strengthening its retail and industrial & logistics operations as part of its continued expansion in the region. The move follows the recent launch of the company’s Seoul office and reflects growing demand for specialized commercial real estate services in key sectors.
The new hires are designed to enhance Newmark’s capabilities in cross-border transactions, logistics infrastructure advisory, and retail expansion strategies. The company is focusing on strengthening its presence in one of Asia’s most active and competitive real estate markets, where demand continues to grow for both industrial assets and retail development support.
Industrial & Logistics Expansion
In the industrial & logistics division, Newmark appointed Senior Director Jihoon Kang as Head of Industrial & Logistics Transactions. Kang will lead the team with more than 14 years of experience in valuation, investment, and transaction advisory. His previous roles include senior positions at Colliers International Korea and Mirae Asset Consulting, where he worked on a broad range of real estate investment and advisory projects.
He is joined by Associate Director Minsung Kim, Manager Junyoon Lee, and Assistant Manager Subin Choi. Together, the team brings combined expertise in logistics facilities, manufacturing assets, and development projects. Their experience covers acquisitions, leasing, and strategic advisory work for both domestic and multinational clients.
The expanded industrial & logistics team is expected to support increasingly complex requirements in supply chain-related real estate, particularly in logistics hubs and industrial development zones across South Korea.
Retail Division Strengthening
In the retail segment, Newmark has appointed Associate Director Eddie Oh, Senior Manager Reina Kawakami, and Manager Evelyn Choi. The team will focus on high-street leasing, tenant representation, and international retail expansion strategies.
They bring experience working with global and domestic brands on market entry, flagship store planning, and portfolio expansion. Their role includes identifying prime retail locations and aligning property strategies with long-term brand development goals.
The retail team will also support international retailers entering the South Korean market, where competition for prime commercial space continues to increase alongside evolving consumer demand.
Leadership Commentary
John Pritchard, Country Head for Korea, stated that the new appointments reflect continued business growth and rising demand for integrated real estate services. He noted that combining expertise across retail and industrial sectors strengthens Newmark’s ability to deliver tailored, execution-focused solutions for clients involved in cross-border transactions.
The company emphasized that its expanded South Korea team will play a key role in supporting ongoing market activity and investment flows in both industrial and retail property sectors.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK) is a global commercial real estate advisory firm providing services across the full property lifecycle. The company works with owners, occupiers, investors, and corporations across a wide range of markets worldwide.
As of December 31, 2025, Newmark reported nearly $3.3 billion in revenue and operated from approximately 175 offices with more than 9,300 professionals globally.
Forward-Looking Statements
This release contains forward-looking statements that involve risks and uncertainties. Actual results may differ due to market conditions and other factors outlined in the company’s filings with the U.S. Securities and Exchange Commission.
#SupplyChainNews #NewsUpdate #CommercialRealEstate #SouthKoreaBusiness #LogisticsExpansion
