Find out how to sign up for Nonghyup membership, conditions, and withdrawal! / Local Nonghyup member!
Local Agricultural Cooperative Membership Conditions
▶ Membership qualifications
A farmer or agricultural corporation with an address, residence or place of business (farmland) within the district of the local agricultural cooperative
▶ Conditions for membership registration
① A person who manages or cultivates farmland of 1,000 square meters or more 농협조합원 가입조건
② Those who are engaged in agriculture for more than 90 days a year 좋은뉴스
※ Farmland lenders or contractors are excluded as they must engage in agricultural management, cultivation, and farming.
▶ Member registration process
① Documents to be submitted when signing up as a new member
– Union membership application form
– Ministry of Agriculture Support, agricultural business registration confirmation
– Copy of resident registration, copy of resident registration card
– Articles of incorporation and minutes of the general meeting where membership was resolved, business plan, balance sheet and income statement (in case of a corporation)
② In case of subscription through share transfer
– Request for approval of share transfer
– Documents to be submitted by the assignee
* Union membership application form – Agricultural Support Department – Copy of resident registration, copy of resident registration card
* Application for transfer of ownership of securities
* Articles of incorporation and minutes of the general meeting where membership was resolved, business plan, balance sheet and income statement (in case of a corporation)
– Transferor: copy of resident registration card, transferor’s investment securities (after transfer approval)
③ In case of subscription by inheritance
– Membership application form – Ministry of Agriculture and Forestry
– Copy of resident registration, copy of resident registration card
– Request for approval of succession to inherited shares, application for change of title of investment securities
– Inheritance share acquisition agreement or inheritance share acquisition confirmation
– 1 family register (registration) copy
▶ Member Approval Procedure
① Discussion of the board of directors (examination of qualification as a union member)
② Send notice of consent to join as a union member
③Payment of investment (Registration in official member list)
※ The amount of investment generally ranges from a minimum of 2 million won to a maximum of 50 million won, but please contact the relevant Nonghyup for details.
la. Acquisition of membership qualifications
Members who have been approved to join shall acquire membership from the date of payment of the first investment. The first due date for payment of the investment shall be within one month from the date of receipt of the notice of acceptance of subscription, and if the deadline has elapsed without justifiable reasons, the application for subscription shall be deemed to have been withdrawn.
Withdrawal from local agricultural cooperative membership
▶ Types of membership withdrawal
① Voluntary withdrawal: Notification of intention to withdraw by the person himself/herself. No limit on withdrawal period. Application by the end of December each year.
– Required documents: copy of resident registration, resident registration card, seal, investment certificates
② Reasons for natural withdrawal and required documents
– If you do not qualify for union membership (a) Membership withdrawal application form
– At the time of death (ii) Investment securities
– In case of bankruptcy
– When sentenced to incompetence
– When a corporation that is a member of a partnership is dissolved
③ Expulsion: An act by which a member deprives a specific member of the membership status
– Subject to expulsion (matter decided at general meeting)
– Members who have not used the association’s business for more than one year – Members who have not fulfilled their obligations to the association, such as payment of investment and expenses
▶Suspension of equity refund: The cooperative may suspend the refund of equity until the member who has withdrawn has paid off his or her debt to the cooperative.
▶ Investigation of union member status: The board of directors regularly checks whether union members have qualifications at least once a year, and seeks out unqualified union members to process union membership withdrawal.
※ If farmland is donated to children, leased to others, or abandoned, the Agricultural Support Department may be deleted and union membership may not be maintained, so union members must maintain cultivation of 1,000㎡ or more