이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
NongHyup forges local partnership to make inroads into China
- Collected
- 2018.03.18
- Distributed
- 2018.03.19
- Source
- Go Direct
NongHyup Hanaro Distribution said on Friday that it has signed a memorandum of understanding with All China Federation of Supply and Marketing Cooperatives and state-owned Sinotrans Tianjin Co. to forge a strategic partnership. All China Federation of Supply and Marketing Cooperatives is a state organization in China with 200,000 primary members and 3.4 million employees that is similar to NongHyup combined with the retail department of Korea’s Ministry of Agriculture, Food and Rural Affairs.
Under the MOU, NongHyup Hanaro Distribution will open a Korea section on the Chinese cooperative federation’s online shopping mall starting June and also exclusively supply Korean agricultural produces and ingredients to about 2,000 offline stores. Sinotrans Tianjin will be in charge of distribution in China.
An unnamed official from NongHyup said that the partnership comes after Kim Byung-won, chairman of NongHyup, discussed a mutual partnership with All China Federation of Supply and Marketing Cooperatives during his visit to the country as part of an economic delegation accompanying President Moon Jae-in on his China trip in December, last year. NongHyup expects the latest move will help make inroads into the Chinese market in various industries involving seeds, fertilizers, and animal feed raw materials.
By Seok Min-soo and Lee Eun-joo
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]