Newmark Group, Inc. opened a flagship office in Seoul’s IFC Complex on December 15, 2025, marking the company’s first presence in South Korea. The new location will serve all industry verticals and asset classes, positioning Newmark to support global corporates expanding into the Korean market.
John Pritchard, a broker with nearly two decades of experience advising on Korea’s largest occupier transactions, was appointed Managing Director and Country Head. His deep knowledge of the local market and extensive network are expected to accelerate Newmark’s penetration in a technology‑driven economy.
The office launch follows a strong Q3 2025 earnings report in which Newmark reported revenue of $863.5 million, up 25.9% year‑over‑year, and adjusted earnings per share of $0.42, beating consensus estimates of $0.40 by $0.02. Adjusted EBITDA margin improved to 16.8% from 16.4% in the prior quarter, driven by robust growth in leasing, capital markets, and valuation services. Management raised full‑year 2025 revenue guidance to $3.175‑$3.325 billion and adjusted EPS guidance to $1.53‑$1.63, reflecting confidence in continued organic growth.
Newmark’s expansion into Korea aligns with its broader global strategy, which has added offices in Bangalore, Chennai, Dubai, Singapore, Munich, and Paris. The Korean market is viewed as a gateway for international occupiers and investors, offering opportunities in technology, automotive, logistics, and finance sectors. By establishing a local presence, Newmark aims to capture market share against established competitors such as CBRE, JLL, and Cushman & Wakefield.
The appointment of John Pritchard and the opening of the Seoul office signal Newmark’s commitment to deepening its footprint in high‑growth Asian markets. The move is expected to enhance client service capabilities, strengthen local relationships, and support the firm’s long‑term growth trajectory.
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