Cooperatives around the world

NACF system, its federation and member cooperatives, is a agricultural cooperative as well as a financial cooperative. This happened when it was established in 1961, Korean government wanted NACF to be a financial resource for farmers, rural communities and agricultural sector and made the Agriculture Bank merged with agricultural cooperative system. NACF financial business have eradicated the usu...

This is the story that Korean Agricultural Cooperatives System was established in 1960s. Key initiatives included the consolidation and improvement movement of the local cooperatives, the New Farmer Movement, promoting modernization and self-reliance, and significant investments in education and training. Structural changes involved merging numerous small local cooperatives into larger, more effic...

This is the story that Korean Agricultural Cooperatives System was established in 1960s. Key initiatives included the consolidation and improvement movement of the local cooperatives, the New Farmer Movement, promoting modernization and self-reliance, and significant investments in education and training. Structural changes involved merging numerous small local cooperatives into larger, more effic...

In 1961 NACF was established for Korean farmers to empower member farmers and to provide the materials and services needed at rural communities by Korean government.

From this introduction, National Agricultural Cooperative Federation in Korea will be introduced from its early stories, its business expansion and current business model. NACF's success story is shared for the insights and best practices for cooperators around the world.

A co-operative is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically controlled enterprise. Co-operatives are based on the values of self-help, selfresponsibility, democracy,equality, equity and solidarity. In the tradition of their founders, cooperative members believe in the...

The United Nations General Assembly has declared 2025 as the second International Year of Cooperatives (IYC 2025). This initiative aims to promote the cooperative model globally and recognize its significant contribution to achieving the Sustainable Development Goals (SDGs). The resolution encourages member states, UN entities, and stakeholders to support cooperatives by creating enabling environm...