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Nonghyup
The South Korean National Agricultural Cooperative Federation (initialized as NH (in Korean, derived from NongHyup) or NACF) was established in 1961 to enhance the social and economic status of its membership and to promote a balanced development of the national economy. Its role is divided into three areas: marketing and supply, banking and insurance, and extension services. Terminology Although literally referring to local member cooperatives, the term ''nonghyup'' is used by South Koreans to describe both a local cooperative () and the NACF (). History * 2012 - NACF restructured into a federation with two holding companies, to increase effectiveness and competitiveness * 2011 - Ranked ninth largest cooperative by the International Cooperative Alliance * 2011 - Opened NH Residential Hall to accommodate 500 students from farming households * 2011 - Launched 50th anniversary emblem and slogan * 2008 - Ranked third largest cooperative by the International Cooperative Alliance ...
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Nonghyup Bank
Nonghyup Bank or NH Bank (, SWIFT: NACFKRSE) is a specialized agricultural bank in Korea and is in charge of financial services, headquartered in Jung-gu, Seoul, South Korea. The bank was established by the split-off of the credit and banking business from National Agricultural Cooperative Federation (“NACF”) on March 2, 2012. It is now owned by the Nonghyup Financial Group. The predecessor of Nonghyup Bank started as Agricultural Bank established in 1907 as a financial association. Unlike other major commercial Korean bank, Nonghyup bank is established with 100% domestic capital. Nonghyup bank has 1,106 branches in domestic area, and 12 branches outside Korea, including New York, Beijing, Hanoi. It has the largest number of branches in Korea. On 29 April 2021, Nonghyup Bank was granted a Hong Kong banking licence. History * 1907: Establishment of a financial association * 1958: Agricultural Bank launched based on financial cooperatives * 1961: Agricultural Bank and Nonghy ...
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NH Investment & Securities
NH Investment & Securities Co., Ltd. (NH I&S; ) is one of the largest securities firms in Korea, offering a broad range of financial services, encompassing wealth management, investment banking, brokerage and merchant banking through 121 domestic branches and overseas subsidiaries. History NH Investment & Securities was established in 1969 under the name ''Hanbo Securities''. Formerly known as LG Investment and Securities Co., Ltd., in December 2014, the company was transferred to Woori Finance Holdings Co., Ltd. and merged with Woori Securities on April 1, 2005, changing its name to Woori Investment & Securities Co., Ltd. In June 2014, it was transferred to NongHyup Financial Group, and on December 31, 2014, it merged with NH NongHyup Securities and changed its name once again to NH Investment & Securities. See also *National Agricultural Cooperative Federation The South Korean National Agricultural Cooperative Federation (initialized as NH (in Korean, derived from NongHyup) ...
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Cooperative Federation
A cooperative federation or secondary cooperative is a cooperative in which all members are, in turn, cooperatives. Historically, cooperative federations have predominantly come in the form of cooperative wholesale societies and cooperative unions. Gide, Charles; as translated from French by the Cooperative Reference Library, Dublin, ''Consumers' Cooperative Societies'', Manchester: The Cooperative Union Limited, 1921, p. 122, Cooperative federations are a means through which cooperatives can fulfill the sixth Cooperative Principle, cooperation among cooperatives. The International Cooperative Alliance notes that ''“Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.”'' Retail According to cooperative economist Charles Gide, the aim of a cooperative wholesale society, which is owned by retail consumer cooperatives, is to arrange "bulk purchases, and, ...
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Merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorption, a merger, a tender offer or a hostile takeover. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is the legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. Most countries require mergers and acquisitions to comply with antitrust or competition law. In the United States, for example, the Clayt ...
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European Union–South Korea Free Trade Agreement
The European Union–South Korea Free Trade Agreement is a free trade agreement between the European Union (EU) and South Korea. The agreement was signed on 15 October 2009. The agreement was provisionally applied from 1 July 2011, and entered into force from 13 December 2015, after having been ratified by all signatories. The agreement was the most comprehensive the EU had ever negotiated up until that point: import duties are near eliminated on all produce and there is deep liberalisation in trade in services. It includes provisions for intellectual property (including geographical indications), public procurement, competition, transparency of regulation and sustainable development. There are also specific commitments against non-tariff obstacles on sectors such as automobiles, pharmaceuticals and electronics.
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Project Stakeholder
Project stakeholders are persons or entities who have an interest in a specific project. According to the Project Management Institute (PMI), the term ''project stakeholder'' refers to "an individual, group, or organization, who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project, program, or portfolio. ISO 21500 uses a similar definition. Types of stakeholders Stakeholders may be located inside or outside an organization, including: # The project's sponsor; # Those with an interest or the potential to gain from the successful completion of a project; # Anyone who may have a positive or negative influence in the project completion. The following are examples of project stakeholders: * Project leader * Senior management * Project team members * Project customer * Community Served or the Community that is being Served (example of a stakeholder affected by a non-profit organization or government agency) * Resource manag ...
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Direct Democracy
Direct democracy or pure democracy is a form of democracy in which the Election#Electorate, electorate directly decides on policy initiatives, without legislator, elected representatives as proxies, as opposed to the representative democracy model which occurs in the majority of established democracies. The theory and practice of direct democracy and participation as its common characteristic constituted the core of the work of many theorists, philosophers, politicians, and social critics, among whom the most important are Jean-Jacques Rousseau, John Stuart Mill, and G. D. H. Cole, G.D.H. Cole. Overview In direct democracy the people decide on policies without any intermediary or representative, whereas in a representative democracy people vote for representatives who then enact policy initiatives. Depending on the particular system in use, direct democracy might entail passing executive decisions, the use of sortition, making laws, directly electing or dismissing officials, a ...
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Autonomy
In developmental psychology and moral, political, and bioethical philosophy, autonomy is the capacity to make an informed, uncoerced decision. Autonomous organizations or institutions are independent or self-governing. Autonomy can also be defined from a human resources perspective, where it denotes a (relatively high) level of discretion granted to an employee in his or her work. In such cases, autonomy is known to generally increase job satisfaction. Self-actualized individuals are thought to operate autonomously of external expectations. In a medical context, respect for a patient's personal autonomy is considered one of many fundamental ethical principles in medicine. Sociology In the sociology of knowledge, a controversy over the boundaries of autonomy inhibited analysis of any concept beyond relative autonomy, until a typology of autonomy was created and developed within science and technology studies. According to it, the institution of science's existing autonom ...
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No Of Member Cooperatives2
No or NO may refer to: Linguistics and symbols * ''Yes'' and ''no'', responses * No, an English determiner in noun phrases * No (kana) (, ), a letter/syllable in Japanese script * No symbol (🚫), the general prohibition sign * Numero sign ( or No.), a typographic symbol for the word "number" * Norwegian language (ISO 639-1 code "no") Places * Niederösterreich (''NÖ''), Lower Austria * Norway (ISO 3166-1 country code NO, internet top level domain .no) * No, Denmark, a village in Denmark * Nō, Niigata, a former town in Japan * No Creek (other), several streams * Lake No, in South Sudan * New Orleans, Louisiana, US or its professional sports teams: ** New Orleans Saints of the National Football League ** New Orleans Pelicans of the National Basketball Association * Province of Novara (Piedmonte, Italy), province code NO Arts and entertainment Film and television * ''No'' (2012 film), a 2012 Chilean film * ''Nô'' (film), a 1998 Canadian film * Julius No, the titul ...
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Fire Insurance
Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or boiler insurance. Property is insured in two main ways—open perils and named perils. Open perils cover all the causes of loss not specifically excluded in the policy. Common exclusions on open peril policies include damage resulting from earthquakes, floods, nuclear incidents, acts of terrorism, and war. Named perils require the actual cause of loss to be listed in the policy for insurance to be provided. The more common named perils include such damage-causing events as fire, lightning, explosion, cyber-attack, and theft. History Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses. The devastating effects of the fire converted the development of insurance "from a matter of conv ...
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Farm Machinery
Agricultural machinery relates to the machine (mechanical), mechanical structures and devices used in farming or other agriculture. There are list of agricultural machinery, many types of such equipment, from hand tools and power tools to tractors and the farm implements that they tow or operate. Machinery is used in both organic farming, organic and nonorganic farming. Especially since the advent of mechanised agriculture, agricultural machinery is an indispensable part of how the world is fed. Agricultural machinery can be regarded as part of wider agricultural automation technologies, which includes the more advanced digital equipment and agricultural robotics. While robots have the potential to automate the three key steps involved in any agricultural operation (diagnosis, decision-making and performing), conventional motorized machinery is used principally to automate only the performing step where diagnosis and decision-making are conducted by humans based on observations an ...
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