[박종면칼럼] 잘나가던 메리츠금융 왜 멈춰섰나

Meritz Finance's collapse from market darling to underperformer reveals a critical lesson: operational excellence and shareholder returns cannot sustain valuations once they become standard practice. The market demands new growth narratives—global expansion, diversified revenue streams—which Meritz failed to deliver while remaining exposed to real estate finance risks.