National Agricultural Cooperative Federation
NACF Official Logo. The 'V' shape signifies a 'bud' and 'rice', which means the eternal development of Korean agriculture while 'O' shape stands for 'smoothness', 'money' and 'cooperation'. | |
NACF headquarters in Seoul | |
Native name | 농협중앙회/농업협동조합 |
|---|---|
| Company type | Cooperative federation |
| Industry | Banking, agricultural marketing & supply, livestock marketing & supply and extension services |
| Founded | August 15, 1961 |
| Headquarters | , South Korea |
Area served | South Korea |
Key people | Lee Sung-hee (chairman) |
| Revenue | KRW 36.289 trillion (2011) |
| KRW 964 billion (2011) | |
| KRW 703 billion (2011) | |
| Total assets | KRW 305 trillion (2011) |
| Owner | National Assembly |
| Members | National Assembly |
| Subsidiaries | Nonghyup Bank NH Investment & Securities |
| Korean name | |
| Hangul | 농협중앙회/농업협동조합 |
| Hanja | 農協中央會/農業協同組合 |
| Revised Romanization | Nonghyeopjunganghoe / Nongeophyeopdongjohap |
| McCune–Reischauer | Nonghyŏpchunganghoe / Nongŏphyŏptongjohap |
| Website | www.nonghyup.com/eng |
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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.