Farm Hannong is a South Korean agrochemical company that specializes in the development and supply of crop protection products and fertilizers. Operating as a subsidiary of LG Chem, it focuses on providing solutions for agricultural needs, including pesticides, herbicides, and nutrient products to enhance farming efficiency and productivity.
The company primarily serves the domestic market in South Korea, where it has established a significant presence in the agricultural inputs sector. Its operations involve manufacturing, research into new chemical formulations, and distribution to farmers and agricultural cooperatives.
Within the LG Chem group structure, Farm Hannong represents the company's diversification into the life sciences and agricultural chemicals area. It contributes to the parent company's revenue through sales driven by seasonal demand for crop protection and fertilizers. In the industry, it positions itself as a reliable provider of essential agrochemicals, supporting sustainable agriculture practices in the region.
Financial performance of Farm Hannong is regularly reported as part of LG Chem's quarterly results, highlighting its role in the broader chemical conglomerate's portfolio.
Also known as 팜한농.
Revenue rose 19% YoY and operating profit 25.8% YoY; petrochemical spreads and battery-materials demand lifted results, while Q3 shows mixed outlook across divisions.
