[ App information ]

It is an Agricultural Products Public Wholesale Market App (App) in which a large number of producers and buyers trade through an online-based trading system by bidding or by regular price / private sale.

What is the purpose of operating the Nonghyup Online Agricultural Products Exchange?
Through nationwide online wholesale trade of agricultural products, the purpose of receiving agricultural products at the right price and strengthening the price stabilization function, and improving distribution efficiency.

[ What is the role of each transaction entity? ]

■ Nonghyup Economic Holding Co., Ltd.
It is in charge of establishing and managing the transaction system, and it is possible to visit the mountainous region and respond to claims quickly through the operation of local financial resources.

■ The shipping address is
Dedicated ginseng development, shipment registration, online listing and transaction are delivered to the buyer's desired destination.

■ Buyers
Make an agreement with the public court, participate in purchases through bidding or regular price transactions, and pay the credit to the public court after receiving and inspecting the product.

■ The courtroom
Register the shipping address, sign the buyer's transaction agreement, and settle the payment between the buyer and seller.


[ What are the characteristics of the online agricultural product exchange? ]

Existing offline transactions can be made nationwide by item through bidding and regular price trading through an online-based transaction system.

■ Bid
- The shipper proposes the lowest bid price, the minimum amount of delivery (in pallet units), etc.
- The buyer registers for a bid at the lowest price and minimum quantity suggested by the shipping company.
- The successful bidder is the highest bidder among the bidders, and the winning bid price is determined by the highest bid price.

■ Regular price transaction
- The shipping destination registers the desired transaction price and the minimum amount of delivery (in pallet units), etc.
- Buyers register for purchase when they wish to purchase
- The price is determined by the desired transaction price registered by the shipper, and the buyer proceeds with the transaction only at the desired transaction price registered by the shipper

■ Normal and logistics system
- Payment: Settlement with the destination and buyer at the public market agreed by the buyer for the finalized transaction after the buyer has received and inspected the goods

- Business settlement: Shipment registration (shipping destination) -> Bid/purchase (buyer) -> Bid system successful bid -> Delivery -> Receipt confirmation -> Transaction confirmation -> Settlement
At the time of transaction confirmation, a transaction-related form is automatically generated in the system and delivered to the transaction fair hall

- Delivery principle: Delivery directly to the place desired by the buyer
Delivery is the next business day (However, transactions after 2pm will be delivered within 2 days)


[ Online Agricultural Products Exchange Listing Fee Rate ]

- 4% reduction compared to 7% for general auction upper limit