Cooperative Advantages & Korean Cooperative Advantages & Korean Agricultural Cooperative Development Agricultural Cooperative Development by Dr. Chan-Ho CHOI General Manager, International Cooperation Office National Agricultural Cooperative Federation (NACF) Republic of Korea & Secretary General International Cooperative Agricultural Organization (ICAO) ICA ICA – – AP 5th Cooperative Forum AP 5th Cooperative Forum Hanoi, Vietnam, December 4, 2008
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Cooperative Advantages & Korean Agricultural Cooperative Development by Dr. Chan-Ho CHOI General Manager, International Cooperation Office National Agricultural.
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Cooperative Advantages & Korean Cooperative Advantages & Korean Agricultural Cooperative DevelopmentAgricultural Cooperative Development
by
Dr. Chan-Ho CHOI
General Manager, International Cooperation OfficeNational Agricultural Cooperative Federation (NACF)
…there is an alternative secure, stable and sustainable model of business own and controlled by 800 million people worldwide.
Use their combined political and financial strength to put the same energy and drive into protecting the world’s people from the worst effects of the global recession …
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To compete against the IOFs in the global market, co-op To compete against the IOFs in the global market, co-op managements need to learn the best practice of IOFsmanagements need to learn the best practice of IOFs
►►►► In downturn, however, focus on its own advantageIn downturn, however, focus on its own advantage
Cooperative is a business model which survives more Cooperative is a business model which survives more than 200 yearsthan 200 years
NACF’s 47 years experience from scratch to topNACF’s 47 years experience from scratch to top
Loan Sources : deposits by members & NACF’s urban banking
more than 80% market share in the rural loan marketsmore than 80% market share in the rural loan markets
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Cooperative business contributes to local economyCooperative business contributes to local economy
Daegu-Kyungbook Apple Juice FactoryDaegu-Kyungbook Apple Juice Factory
Saemaul Movement & NACF’s RoleSaemaul Movement & NACF’s Role
Leader of community developmentLeader of community development
Public Aspects Recognized by GovernmentPublic Aspects Recognized by Government
Policy funds for marketing facilitiesPolicy funds for marketing facilities
Municipals’ Consignments of their treasuryMunicipals’ Consignments of their treasury
First Branch at Korean Presidential MansionFirst Branch at Korean Presidential Mansion
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After 1980s democratization, NACF took a huge leapAfter 1980s democratization, NACF took a huge leap
In 21CIn 21C 44thth Largest Cooperative by ICA Global 300 Largest Cooperative by ICA Global 300 9090thth Largest Bank in the world by Banker Magazine Largest Bank in the world by Banker Magazine
Pros & Cons of Democratic ControlPros & Cons of Democratic Control
Fair, Prudence, Greatest Happiness of Greatest Fair, Prudence, Greatest Happiness of Greatest NumberNumber
Long Process, Layman’s DecisionLong Process, Layman’s Decision
►► ►► Professional Managements with MOUProfessional Managements with MOU
SPEED MANAGEMENTSPEED MANAGEMENT
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HonestHonestOpennessOpennessSocial ResponsibilitiesSocial ResponsibilitiesCaring for OthersCaring for Others
Honest Marketing PracticeHonest Marketing Practice
►► ►► Bring back the benefit for co-op and its membersBring back the benefit for co-op and its members
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National, Regional, International Cooperation among CooperativesNational, Regional, International Cooperation among Cooperatives
►► ►► Reciprocally and multilaterally Reciprocally and multilaterally Vulnerable to the Global CompetitionVulnerable to the Global Competition
► ► Difficulties in Overseas ExpansionDifficulties in Overseas ExpansionGo abroad with the aid of local cooperativesGo abroad with the aid of local cooperatives