Article · Wikipedia archive · Last revised Jul 6, 2026

Meritz Financial Group

Meritz Financial Group Inc. is a financial holding company headquartered in Seoul, South Korea. Meritz Financial, with its major subsidiaries including Meritz Fire & Marine Insurance and Meritz Securities, is one of the major financial groups in South Korea.

Last revised
Jul 6, 2026
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Meritz Financial Group Inc.
Native name
주식회사 메리츠금융지주
TypePublic
KRX: 138040
IndustryFinancial services
PredecessorFinancial arm of Hanjin
FoundedMarch 2011 (2011-03)
Headquarters
Seoul
,
South Korea
Key people
Cho Jung-ho (Chairman)
Websitewww.meritzgroup.com

Meritz Financial Group Inc. (Korean: 주식회사 메리츠금융지주) is a financial holding company headquartered in Seoul, South Korea. Meritz Financial, with its major subsidiaries including Meritz Fire & Marine Insurance and Meritz Securities, is one of the major financial groups in South Korea.1

History

Meritz Financial Group was formed when Hanjin Group founder Cho Choong-hoon died in 2002.2 After the founder's death, the group was succeeded by his four sons. Cho Jung-ho, the founder's fourth son, inherited Hanjin's financial arm, including Oriental Fire & Marine Insurance, Meritz Securities, and Korean-French Banking.34 In 2005, Cho formally broke off the financial affiliates from Hanjin and renamed them Meritz Financial Group.5 In 2011, Meritz Fire & Marine Insurance launched a financial holding company. It was founded by spinning off a holding company, Meritz Financial Group Inc., from Meritz Fire & Marine Insurance.6 Meritz Financial Group has five major subsidiaries, including Meritz Fire & Marine Insurance, Meritz Securities, Meritz Asset Management, Meritz Alternative Investment Management, and Meritz Capital.7

References

References

  1. "Assets of 8 key financial groups nearly double over decade". Yonhap. Seoul. July 27, 2022.
  2. 메리츠금융그룹. "메리츠금융그룹". m.meritzgroup.com (in Korean). Archived from the original on 2024-12-21. Retrieved 2025-01-20.
  3. Joo, Jung-wan (May 14, 2003). "Hanjin nears heirs' breakup". Korea JoongAng Daily.
  4. Global, K. E. D. "Meritz emerges fast to take on South Korea's big financial companies". KED Global. Retrieved 2025-01-20.
  5. Park, Anna J. (October 6, 2022). "Meritz flourishes on Chairman Cho's meritocracy-based management". The Korea Times.
  6. "Meritz Fire launches holding firm". Yonhap News Agency. Seoul. March 28, 2011.
  7. "Meritz Securities Sustainability Report 2021" (PDF). Meritz Securities.
External links