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National Agricultural Cooperative Federation information


National Agricultural Cooperative Federation (NACF/Nonghyup)
Native name
농협중앙회/농업협동조합
Company typeCooperative federation
IndustryBanking, agricultural marketing & supply, livestock marketing & supply and extension services
FoundedAugust 15, 1961; 62 years ago (1961-08-15)
Headquarters
Seoul
,
South Korea
Area served
South Korea
Key people
Lee Sung-hee (Chairman)
RevenueKRW 36.289 trillion (2011)
Operating income
KRW 964 billion (2011)
Net income
KRW 703 billion (2011)
Total assetsKRW 305 trillion (2011)
SubsidiariesNonghyup Bank
NH Investment & Securities
Korean name
Hangul
농협중앙회/농업협동조합
Hanja
農協中央會/農業協同組合
Revised RomanizationNonghyeopjunganghoe / Nongeophyeopdongjohap
McCune–ReischauerNonghyŏpchunganghoe / Nongŏp hyŏpdongjohap
Websitewww.nonghyup.com/eng

The South Korean National Agricultural Cooperative Federation (initialized as NH (in Korean, derived from NongHyup) or NACF) was established in 1961 to enhance the social and economic status of its membership and to promote a balanced development of the national economy. Its role is divided into three areas: marketing and supply, banking and insurance, and extension services.

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