Nonghyup Bank
Nonghyup office  


Nonghyup (National Agricultural Cooperatives Federation or NACF) was founded in 1961 and provides supply, processing, marketing, and banking services through more than 4000 branches. The company works in most agricultural sectors, but specializes in beef, pork and poultry products. Nonghyup operates a number of retail grocery stores called "Nonghyup Hanaromart" that sell fresh produce, fruit, beef, pork, and other food products. Many products at Nonghyup Hanaromart were processed in Nonghyup factories and bear the Nonghyup brand. According to its own figures, Nonghyup provides 48% of rural food marketing in South Korea. Nonghyup is the sister organization to Su-hyeop (the National Federation of Fisheries Cooperatives), a similar cooperative federation. Nonghyup was ranked fouth in 2007 among global top 300 cooperative organizations, according to the International Cooperative Alliance. Among marking&supplies organizations, Nonghyup is ranked No.2 after Jaspan's JEN-NOH.

Nonghyup bank, the banking division of NACF, offers commercial banking transactions for its member cooperatives, including KRW 108 trillion of loans outstanding at the end of 2007 as well as retail banking for consumers and individuals in South Korea, including KRW 102 trillion of loans. Nonghyup bank also provides insurance services. In 2008, Nonghyup purchased from ACX Pacific Northwest a straw processing plant located in Albany, Oregon.

 Key statistics

  KRW billion (%) FY 2009 FY 2008 Change
Business Volume Total Assets 189,047 190,977 -1,930.4
Total Deposit 129,943 129,733 210.6
Total Loans 127,175 123,834 3,340.7
NPLs/Total Loans (%) 1.41 1.14 0.27
Asset Quality Allowance/NPLs (%) 119.16 142.70 - 23.54
Profitability NIM(%) 1.80 1.97 - 0.17
ROA (%) 0.22 0.19 - 0.03
ROE (%) 3.64 3.22 0.42
Net Income 415 330 - 84.3

Head office address:
Saemunangi 91
Chung-gu, Seoul
Transportation: Subway line 5, get off at Seodaemun station
Phone number: + 82-2-3704-1004
Business hours: Mon - Fri, 9:00 - 18:00

Nonghyup Offices

United States USA Representative Office (Non-Banking Office)
17785 Center Court Drive Suite #360 Cerritos, CA 90703
Tel: 1-562-677-3706
Fax: 1-562-677-3710

New York Representative Office (Banking Office)
650 Fifth Avenue, New York, NY10019, U.S.A
Tel: 1-212-262-2333
Fax: 1-212-262-2334
Japan Japan Representative Office (Non-Banking Office)
Minamishinjuku Bldg. 8th floor 2-10-12 Yoyogi Shibuya-Ku, Tokyo, Japan
Tel: 81-3-5351-5631
Fax: 81-3-5351-5631
China China Representative Office (Non-Banking Office)
Jia No.50-1, Wangjing Xilu Chaoyang District, Beijing China Unit 602, Quanshitiandi Tower A
Tel: 86-10-8478-4401
Fax: 86-10-8478-4403