Meritz Financial Group
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Native name | 주식회사 메리츠금융지주 |
|---|---|
| Company type | Public |
| KRX: 138040 | |
| Industry | Financial services |
| Predecessor | Financial arm of Hanjin |
| Founded | March 2011; 14 years ago (2011-03) |
| Headquarters | , South Korea |
Key people | Cho Jung-ho (Chairman) |
| Website | www |
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]
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.[3][4] 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
- ↑ "Assets of 8 key financial groups nearly double over decade". Yonhap. Seoul. July 27, 2022.
- ↑ 메리츠금융그룹. "메리츠금융그룹". m.meritzgroup.com (in Korean). Archived from the original on 2024-12-21. Retrieved 2025-01-20.
- ↑ Joo, Jung-wan (May 14, 2003). "Hanjin nears heirs' breakup". Korea JoongAng Daily.
- ↑ Global, K. E. D. "Meritz emerges fast to take on South Korea's big financial companies". KED Global. Retrieved 2025-01-20.
- ↑ Park, Anna J. (October 6, 2022). "Meritz flourishes on Chairman Cho's meritocracy-based management". The Korea Times.
- ↑ "Meritz Fire launches holding firm". Yonhap News Agency. Seoul. March 28, 2011.
- ↑ "Meritz Securities Sustainability Report 2021" (PDF). Meritz Securities.
External links
- Official website
- Business data for Meritz Financial Group:
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| Information service |
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