Consumer Cooperation in Rural Korea

Abstract

Urban consumer cooperation on a national scale is virtually non-existent in Korea. There is no legal basis for consumer cooperation. Only in several years, the government began to work on the legislation concerned However, even with no legal framework for consumer cooperation, there have emerged a great number of voluntary consumer cooperatives organised either ou the basis of regional communities or by private and public organizations. For example, agricultural cooperatives, credit unions and the Government Pension bund have organized consumer cooperatives of their own for the exclusive benefit of their member consumers.