[증권주 담은 개미들]⑨ 메리츠금융, 평균 1억 가진 6만명 '집토끼'

Meritz Financial's aggressive share buyback strategy has concentrated wealth among existing shareholders, achieving a 273.6% price surge and the highest per-investor average holdings in Korea's brokerage sector. However, its substantial non-performing loan burden and resulting asset quality concerns create barriers to attracting new retail investors, suggesting that shareholder-centric reward policies can entrench valuations rather than broaden market participation.