1. Performance and Challenges of Korean Agricultural Cooperatives
The 7th ICA Cooperative Ministers’ Conference
Feb. 4, 2004, India
Presented by Mr. Chung Dae Kun, Chairman
National Agricultural Cooperative Federation (NACF)

2. Multi-Purpose Agricultural Cooperative System
Extension Services
Agricultural Marketing
Banking
two million member farmers
1,355 member cooperatives

3. Recent Performance of Korean Agricultural Cooperatives
<Marketing Business>
35% of market share
Leader both in rural and urban areas
<Banking Business>
Total deposit: 160 billion US dollars
largest banking system in Korea
Top ratings from Standard & Poors, Moody’s

4. What make Agricultural Cooperatives Success
Synergy Effect of Multifunctional System
Typical small-scale hybrid type farmers enjoy full service with one-stop visit to cooperatives
Linking banking and marketing businesses

5. What make Agricultural Cooperatives Success
Mutual cooperation between government and cooperatives
Federation’s strong leadership
Financial support
Guidance service

6. Current Challenges Business specialization
Introducing market-oriented business management
Strengthen brand power
New financial tools

7. Current Challenges Synergy effect among business sectors
closer relationship between federation and member cooperatives
Favorable public opinion
Co-existence with nature, consumers, and communities

8. Role of government is differential to the level of cooperatives’ development
close relationship with government is important for development of cooperatives