KOREA WHO

Cho Jung-ho is the chairman of Meritz Financial Group.

He was born on October 5, 1958 (lunar calendar) in Incheon as the youngest of four sons and one daughter of Cho Jung-hoon, the founder of Hanjin Group.

He graduated from high school in Boston, USA, and majored in Economics at the University of Southern California.

He earned a Master of Business Administration from the International Institute for Management Development in Switzerland.

He joined Korean Air as a deputy manager and worked at the European regional headquarters before moving to Hanil Securities.

After working at Hanjin Investment & Securities, he joined Dongyang Fire & Marine Insurance, a subsidiary of Hanjin Group, as Vice President.

He was the first among his siblings to become independent from Hanjin Group. He renamed Hanjin Investment & Securities and Dongyang Fire & Marine Insurance to Meritz Securities and Meritz Fire & Marine Insurance respectively and became the chairman of Meritz Securities.

After his father, founder Cho Jung-hoon, passed away, he separated Meritz Fire & Marine Insurance, Meritz Securities, and Hanbul Securities from the group and launched Meritz Financial Group by consolidating these three financial companies.

He was appointed chairman of the holding company, Meritz Financial Group, but stepped down from management after facing criticism for receiving KRW 13.6 billion (USD 9.8 million) in salary and dividends.

He served as the full-time chairman of Meritz Securities and returned as the chairman of Meritz Financial Group in 2014.

He is proactive in recruiting talent and ensures autonomy for professional managers.

He operates a system that actively recruits talent and rewards performance accordingly.

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