Meritz
Encyclopedia
Meritz Fire & Marine Insurance Co, Ltd. (Hangul: 메리츠화재), formerly Oriental Fire & Marine Insurance (Hangul: 동양화재), is a South Korea
n insurance company, headquartered in Seoul
and established in 1922.
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
n insurance company, headquartered in Seoul
Seoul
Seoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...
and established in 1922.
History
- October 1 1922 Founded Chosun Fire & Marine Insurance. First Insurance Company founded in Korea
- May 23, 1950 Renamed as Oriental Fire & Marine Insurance Company
- March 14, 2005 Disaffiliated from Hanjin Group
- October 1, 2005 Renamed as Meritz Fire & Marine Insurance Co., Ltd.
- October 7, 2005 Company headquarter relocated to Meritz Tower in Gangnam, Southeastern Seoul
- November 24, 2005 Acquired Meritz Securities Company as subsidiary