Meritz Financial Group Inc. (KOSE:A138040) announces a share repurchase program. Under the program, the company will repurchase up to KRW 400,000 million worth of its shares pursuant to a contract with Samsung Securities Co., Ltd and NH Investment & Securities Co., Ltd. . The purpose of the program is to improve shareholder value.

The program will expire on March 15, 2024. As of March 16, 2023, the company had 7,356,744 shares in treasury within the scope available for dividend and had 2,393,549 shares in treasury through other repurchase.