Meritz Financial plans KRW 202 billion debt issue and analysts target Meritz Financial Group stock
Published on 10/06/2026 at 08:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Meritz Financial Group plans a KRW 202 billion capital-recognized debt issue, according to MarketScreener on September 21, 2026. The same page listed a KRW 138,400 average target against a KRW 125,600 last close, putting the consensus target 10.19 percent above that reference. Meritz Financial Group stock therefore combines a fresh capital action with a measurable analyst valuation gap.
Capital strengthens the balance sheet
The planned securities are described as capital-recognized debt, giving Meritz Financial an additional capital-management tool across its financial businesses. MarketScreener identifies the company under ISIN KR7138040001 and lists its business as an investment holding company with financial investment, insurance, specialized credit finance, and other operations.
The capital move follows a difficult asset story in Toronto. Seoul Economic Daily reported on September 21, 2026, that Meritz Financial Group invested KRW 1 trillion in the One Bloor West project and that completion was set for the fourth quarter of 2026. The report said the investment is tied to a USD 720 million project and described completion as a route toward recovering the group's capital.
Second-quarter profit sets the earnings base
For the second quarter of 2026, operating profit was KRW 967.6 billion and net income was KRW 791.4 billion, according to ATS View. The same report shows first-quarter operating profit of KRW 854.8 billion and net income of KRW 680.2 billion, so second-quarter operating profit increased 13.17 percent quarter over quarter while net income rose 16.34 percent.
That comparison matters because the group combines insurance earnings with securities and capital-market activity. The quarterly figures put the debt issue into a profitability context: capital access is being discussed alongside a second-quarter net income increase of KRW 111.2 billion from the first quarter.
Analyst target remains above the reference close
StockHub listed six target prices for Meritz Financial Group in the 90 days to September 29, 2026, with an average of KRW 153,333 and a latest Mirae Asset Securities target of KRW 161,000 dated August 14, 2026. Its later summary showed a median target of KRW 142,000 and nine reports, while MarketScreener displayed a five-analyst average of KRW 138,400.
The spread between those reference points shows why the capital issue and earnings trend matter together. A higher average target supports a valuation discussion, while the Toronto project remains a concrete asset-recovery milestone for the group.
KRW 129,600 quote on October 6
Meritz Financial Group was last at KRW 129,600 on the KRX on October 6, 2026 at 2:38 p.m. KST. Its 52-week range was KRW 98,000 to KRW 149,800, and market capitalization was KRW 21.4 trillion as of October 6, 2026.
Meritz Financial Group facts
- Company: Meritz Financial Group Inc.
- ISIN: KR7138040001
- Ticker: 138040
- Primary exchange: KRX
- Primary exchange last price as of October 6, 2026, 2:38 p.m. KST: KRW 129,600
- Market capitalization: KRW 21.4 trillion as of October 6, 2026
- 52-week range: KRW 98,000-KRW 149,800 as of October 6, 2026
- Sector / Industry: Financial Services / Investment Holding Companies
