Agricultural Cooperative College is a college located in Goyang City, Gyeonggi province, South Korea, and operated by the National Agricultural Cooperative Federation, or Nong Hyup. Nong Hyup took over the operation in 1966; the school was first founded under the aegis of Konkuk University in 1962. Various courses of study in agricultural technology, computer science, and marketing are offered. Since 2001, an MBA program has also been available. The student body is roughly 250. The school's alumni today number more than 3,400, most of whom are employed by the National Agricultural Cooperative Federation.
External links
Official school website, in Korean (http://www.nonghyup.ac.kr/)
PDF file including English-language school profile (http://www.nonghyup.ac.kr/sogae/images/sogae_eng.pdf)
As cooperative members accumulate equity (the value of property exceeding the total debts on it) in their stock, subsequent purchasers must either have a substantial amount of cash available or locate a seller who is willing to recoup the equity in installments over several years.
Cooperatives may be generally classified as either consumer or producer cooperatives, depending largely on the mutual interest (see mutual organizations) that their membership shares.
A housing cooperative is a legal mechanism for ownership of housing where residents either own shares (share capital co-op) reflecting their equity in the co-operative's real estate, or have membership and occupancy rights in a not-for-profit co-operative (non-share capital co-op), and they underwrite their housing through paying subscriptions or rent.
Agriculturalcooperatives are the most prevalent type of organization in the Republic of Korea.
Cooperatives competed with corporations during the growth and development of a capitalist society but were different in their objective, concept and method.
Agriculturalcooperatives in the United States of America encourage members and young staff to participate in cooperative leader training courses or workshops hosted by the Missouri University or Columbia University and run by the Young Farmers/ Cooperative Movement Conductor Programme.
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