Meritz Financial Group Inc. (Korean: 주식회사 메리츠금융지주) is a financial holding company headquartered in Seoul, South Korea.
[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.
[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.