Nonghyup - History

History

  • 2012 - NACF restructured into a federation with two holding companies, to increase effectiveness and competitiveness
  • 2011 - Ranked ninth largest cooperative by the International Cooperative Alliance
  • 2011 - Opened NH Residential Hall to accommodate 500 students from farming households
  • 2011 - Launched 50th anniversary emblem and slogan
  • 2008 - Ranked third largest cooperative by the International Cooperative Alliance
  • 2008 - Opened International Banking(IB) center
  • 2007 - CHOI Won-Byung inaugurated as chairman of the NACF
  • 2006 - Hosted the 37th World Farmers’ Congress of the International Federation of Agricultural Producers (IFAP)
  • 2006 - Launched NH Investment and Securities after the acquisition of Sejong Securities
  • 2005 - Introduced the CEO system for each business division
  • 2004 - Launched the "New Rural Community and New Agricultural Cooperative" campaign
  • 2004 - Established Nonghyup Culture and Welfare Foundation
  • 2002 - Co-founded NH-CA Asset Management, Ltd. with the French CrĂ©dit Agricole
  • 2001 - Hosted the International Co-operative Alliance(ICA) General Assembly
  • 2000 - Launched the integrated NACF, consolidating the federations of agricultural, livestock, and ginseng cooperatives
  • 1998 - Acquired ISO 9002 certification for the NACF brand Kimchi, which was designated the official food for 1998 Olympics
  • 1995 - Founded the Korea Agricultural Cooperative Marketing, Inc, a subsidiary for produce distribution and sales
  • 1995 - Initiated the independent operation of the Marketing and Supply and the Banking and Insurance divisions
  • 1989 - Introduced a direct election system for the president of member cooperatives and the chairperson of the NACF
  • 1986 - Began supplying tax-free oil for farm machinery and equipment
  • 1985 - Launched an IT center equipped with 360 online networks
  • 1984 - Launched annuity and fire insurance businesses
  • 1984 - Launched credit card services
  • 1981 - Restructured the 3-tier organization to a 2-tier organization, consisting of individual cooperatives and the federation
  • 1969 - Launched the mutual credit business
  • 1961 - Established the NACF, consolidating agricultural cooperatives and the Agricultural Bank in accordance with Agricultural Cooperative Law

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