Sector

Multipurpose cooperatives (extension services, marketing and supply, livestock and banking and insurance

General Profile

NACF was borne out of the integration of the former agricultural cooperatives and the Agricultural Bank in 1961. Since then NACF has played a crucial role not only in improving the conditions of farmers economically, socially and culturally, but also in contributing to the balanced development of the Korean economy.NACF and its member cooperatives are engaged in diversified business activities and support services to meet the need of member farmers and other clients. They can be grouped into three broad categories: banking sector, non-banking sector (commercial business), and support service sector. They also handle the farm credit guarantee service for the government.