About NACF
History
The National Agricultural Cooperative Federation (NACF), or ‘NongHyup’ as it is called in Korean, was established in 1961 via the merger of agricultural cooperatives and the Agricultural Bank with the aim of establishing a national cooperative system for Korean farmers, the majority of whom were suffering from poor production capacity and insufficient financial resources. In the decades since, the Federation has played a crucial role in the growth of the Korean economy and developed into one of the most successful cooperatives in the world. In March 2012, the NACF established two holding companies, NongHyup Agribusiness Group and NongHyup Financial Group, and transferred its agribusiness and financial operations to each group, respectively, to provide more specialized services and ensure growth of the Federation as a whole
2020's ~ NOW
- Apr.23.2020
- Launched "The Right Distribution Committee" for innovation in the production and distribution of agricultural and livestock products
- May.11.2020
- Declared a new vision of the NACF,"Together 100 Years of NongHyup"
- Aug.12.2021
- Published "60 Years of Korean Agricultural Cooperatives" to commemorate the 60th anniversary of the NACF’s foundation
- Apr.25.2022
- Established "Korea NongHyup Kimchi" Corporation