Newmark has announced a significant expansion of its South Korean business through several key appointments. These new hires will focus on growing the firm’s retail and industrial and logistics transaction services. This development comes shortly after the company launched its first office in Seoul. The new team members are split between the industrial and retail sectors to help manage a rising number of transactions in the region.
Senior Director Jihoon Kang has been appointed as the Head of Industrial & Logistics Transactions. He brings over 14 years of professional experience in investment, valuation and transactions. Before joining Newmark, he held leadership positions at Mirae Asset Consulting and Colliers International Korea. Jihoon is joined by Associate Director Minsung Kim, Manager Junyoon Lee and Assistant Manager Subin Choi. Together, this team will advise clients on the leasing, acquisition and development of manufacturing and logistics assets across the country.
The retail division has also been strengthened with the arrival of Associate Director Eddie Oh, Senior Manager Reina Kawakami and Manager Evelyn Choi. Their focus will be on tenant representation, high-street leasing and helping brands expand across borders. The retail team has a history of assisting both global and local brands with flagship store strategies and finding prime locations that fit long-term brand goals.
John Pritchard, Country Head – Korea, said: “These hires reflect the continued expansion of our business in Korea and the growing demand for cross-border transactions. By bringing together deep expertise across retail and industrial & logistics, we are enhancing our ability to deliver precise, execution-driven solutions aligned with our clients’ evolving priorities.”
These appointments allow Newmark to offer more support for complex industrial needs and help retail brands with their market entry. The firm is positioning itself to handle the evolving priorities of its clients as the Korean market grows. By adding these specialists, the company aims to provide more precise solutions for those looking to invest or expand in South Korea.
