Half a century ago, South Korea was one of the poorest countries in the world, with rural life particularly harsh. In the aftermath of the Korean War, devastated communities were suffering from chronic food shortages. A government-led push created an agricultural cooperative system to revive the rural economy, eradicate poverty and improve the socio-economic status […]
|Coop Name: NH Nonghyup||N° of Employees: 109,465|
|City: Seoul||N° of Members: 2,445,120|
|Country: South Korea||Year of formation: 1961|
NH Nonghyup (NACF) is a multipurpose cooperative with four main business divisions: agricultural marketing and supply, livestock marketing and supply, banking and insurance, and the extension service, which offers guidance. Following a restructuring in 2012, the NACF now serves its members and customers through 27 subsidiaries and two affiliate organizations. It represents 2.44 million individual members from 1,165 member cooperatives: more than 80% of all the Korean farmers.