HANCHEM is a company leading the domestic custom manufacturing (CRO/CDMO) market in OLED materials, catalyst materials, electronic and energy materials, and Life & Healthcare materials, based on its organic chemical synthesis technology. A specialized CRO/CDMO firm for customers developing new raw materials, with an integrated system covering Lab, Pilot, and commercialization stages of materials. A company contributing to strengthening the future competitiveness of the domestic advanced chemical material industry by leading the CRO/CDMO market for advanced chemical raw materials. Emerging as a strong player in material CRO/CDMO, backed by over 25 years of accumulated chemical expertise.HANCHEMisacompanyleadingthedomesticcustommanufacturing(CRO/CDMO)marketinOLEDmaterials,catalystmaterials,electronicandenergymaterials,andLife&Healthcarematerials,basedonitsorganicchemicalsynthesistechnology.AspecializedCRO/CDMOfirmforcustomersdevelopingnewrawmaterials,withanintegratedsystemcoveringLab,Pilot,andcommercializationstagesofmaterials.AcompanycontributingtostrengtheningthefuturecompetitivenessofthedomesticadvancedchemicalmaterialindustrybyleadingtheCRO/CDMOmarketforadvancedchemicalrawmaterials.EmergingasastrongplayerinmaterialCRO/CDMO,backedbyover25yearsofaccumulatedchemicalexpertise.
Key Products/TechnologiesKeyProducts/Technologies
OLED Materials: Emitting layer and auxiliary layer materials used in OLED device structures, particularly those applying deuterium substitution technology for long-lifespan panel demand, with development and mass production capabilities. Expanding development into high-difficulty new areas such as OLED dopant materials and OPD (Optical Diode) materials.OLEDMaterials:EmittinglayerandauxiliarylayermaterialsusedinOLEDdevicestructures,particularlythoseapplyingdeuteriumsubstitutiontechnologyforlong-lifespanpaneldemand,withdevelopmentandmassproductioncapabilities.Expandingdevelopmentintohigh-difficultynewareassuchasOLEDdopantmaterialsandOPD(OpticalDiode)materials.
Catalyst Materials: Metallocene catalysts, which are organometallic compounds formed by the bonding of ligands (organic chemical structures) and metal atoms (Zr, Ti, Hf, etc.). Applications in polyolefin fields such as automotive interior/exterior materials, solar encapsulants, wire coatings, and packaging materials.CatalystMaterials:Metallocenecatalysts,whichareorganometalliccompoundsformedbythebondingofligands(organicchemicalstructures)andmetalatoms(Zr,Ti,Hf,etc.).Applicationsinpolyolefinfieldssuchasautomotiveinterior/exteriormaterials,solarencapsulants,wirecoatings,andpackagingmaterials.
Electronic and Energy Materials: Development and supply of PR (Photoresist) PAG (Photoacid Generator) materials for semiconductors (commercial/R&D), electrolyte additives for secondary batteries (R&D), and PEM (Polymer Electrolyte Membrane) materials (R&D). Initiating development and early mass production of MLCC (Multilayer Ceramic Capacitor) and semiconductor materials.ElectronicandEnergyMaterials:DevelopmentandsupplyofPR(Photoresist)PAG(PhotoacidGenerator)materialsforsemiconductors(commercial/R&D),electrolyteadditivesforsecondarybatteries(R&D),andPEM(PolymerElectrolyteMembrane)materials(R&D).InitiatingdevelopmentandearlymassproductionofMLCC(MultilayerCeramicCapacitor)andsemiconductormaterials.
Life & Healthcare Materials: Development and mass production of API (Active Pharmaceutical Ingredient) for new drug development (R&D), intermediates for pharmaceutical and cosmetic materials (commercial/R&D), and linkers for drug delivery and diagnostic reagents (commercial/R&D). Possessing particular strengths in the synthesis of natural compounds such as glycocompounds and amino acids.Life&HealthcareMaterials:DevelopmentandmassproductionofAPI(ActivePharmaceuticalIngredient)fornewdrugdevelopment(R&D),intermediatesforpharmaceuticalandcosmeticmaterials(commercial/R&D),andlinkersfordrugdeliveryanddiagnosticreagents(commercial/R&D).Possessingparticularstrengthsinthesynthesisofnaturalcompoundssuchasglycocompoundsandaminoacids.
Synthesis Process Technology Development: Capability to develop mass-producible synthesis process technology with efficiency and reproducibility. Specialized synthesis technology areas including Pd/Cu Catalyzed Cross Coupling, Organo-Lithium(n-BuLi) & Borate, Deuterium Substitution Reaction, Photo Reaction[Cycloaddition], High Pressure Reaction[Up To 20atm], Polymer Synthesis, Pauson-Khand Reaction, and Chiral Resolution.SynthesisProcessTechnologyDevelopment:Capabilitytodevelopmass-produciblesynthesisprocesstechnologywithefficiencyandreproducibility.SpecializedsynthesistechnologyareasincludingPd/CuCatalyzedCrossCoupling,Organo-Lithium(n-BuLi)&Borate,DeuteriumSubstitutionReaction,PhotoReaction[Cycloaddition],HighPressureReaction[UpTo20atm],PolymerSynthesis,Pauson-KhandReaction,andChiralResolution.
High-Purity Purification Technology: High-purity purification technology in OLED and semiconductor material fields where performance is sensitive to minute impurities. Sublimation purification facilities planned for installation in the first half of 2026, with mass production application from the second half.High-PurityPurificationTechnology:High-puritypurificationtechnologyinOLEDandsemiconductormaterialfieldswhereperformanceissensitivetominuteimpurities.Sublimationpurificationfacilitiesplannedforinstallationinthefirsthalfof2026,withmassproductionapplicationfromthesecondhalf.
Core AdvantagesCoreAdvantages
Customer-tailored CRO/CDMO Expertise: Providing customized synthesis solutions by designing compounds and performing the entire process from R&D to mass production according to customer requirements for physical properties, purity, and synthesis routes. A specialized CRO/CDMO firm for customers developing new raw materials, with an integrated system covering Lab, Pilot, and commercialization stages of materials.Customer-tailoredCRO/CDMOExpertise:ProvidingcustomizedsynthesissolutionsbydesigningcompoundsandperformingtheentireprocessfromR&Dtomassproductionaccordingtocustomerrequirementsforphysicalproperties,purity,andsynthesisroutes.AspecializedCRO/CDMOfirmforcustomersdevelopingnewrawmaterials,withanintegratedsystemcoveringLab,Pilot,andcommercializationstagesofmaterials.
Extensive Synthesis Data Library and Big Data Platform: Systematically managing and utilizing over 6,000 synthesis experiences and 8,600 sample data accumulated over approximately 25 years in a database (DB). Actively utilizing this in various areas such as new material development, synthesis process optimization, and customized material proposals to enhance new material development speed and precision.ExtensiveSynthesisDataLibraryandBigDataPlatform:Systematicallymanagingandutilizingover6,000synthesisexperiencesand8,600sampledataaccumulatedoverapproximately25yearsinadatabase(DB).Activelyutilizingthisinvariousareassuchasnewmaterialdevelopment,synthesisprocessoptimization,andcustomizedmaterialproposalstoenhancenewmaterialdevelopmentspeedandprecision.
Differentiated High-Purity Purification and Deuterium Substitution Technology: Capability to gain recognition for stable quality competitiveness from customers through high-purity purification technology. Accumulating deuterium substitution technology, which significantly extends the lifespan of OLED materials, for about 10 years and applying it to the development of high-value-added OLED materials.DifferentiatedHigh-PurityPurificationandDeuteriumSubstitutionTechnology:Capabilitytogainrecognitionforstablequalitycompetitivenessfromcustomersthroughhigh-puritypurificationtechnology.Accumulatingdeuteriumsubstitutiontechnology,whichsignificantlyextendsthelifespanofOLEDmaterials,forabout10yearsandapplyingittothedevelopmentofhigh-value-addedOLEDmaterials.
Maximum Production Capacity (CAPA): Currently operating 40 reaction facilities, with a total of 53 reaction facilities upon completion of new production facility expansion at the Okcheon plant, securing the highest level of mass production CAPA in Korea. This enables competitiveness to flexibly respond to customer diversification and demand changes.MaximumProductionCapacity(CAPA):Currentlyoperating40reactionfacilities,withatotalof53reactionfacilitiesuponcompletionofnewproductionfacilityexpansionattheOkcheonplant,securingthehighestlevelofmassproductionCAPAinKorea.Thisenablescompetitivenesstoflexiblyrespondtocustomerdiversificationanddemandchanges.
Diversified Business Portfolio and Growth Engines: Expanding business areas from core OLED materials to high-value-added industries such as semiconductors, catalysts, pharmaceuticals, and defense materials, securing new growth engines. Achieving tangible results in new high-value-added material areas, including MLCC materials, next-generation semiconductor materials, and mass production of pharmaceutical materials.DiversifiedBusinessPortfolioandGrowthEngines:ExpandingbusinessareasfromcoreOLEDmaterialstohigh-value-addedindustriessuchassemiconductors,catalysts,pharmaceuticals,anddefensematerials,securingnewgrowthengines.Achievingtangibleresultsinnewhigh-value-addedmaterialareas,includingMLCCmaterials,next-generationsemiconductormaterials,andmassproductionofpharmaceuticalmaterials.
Trust-based Business Network: Strengthening partnerships beyond simple supply relationships by conducting joint development projects with customers based on long-term accumulated technical data and synthesis experience. Maintaining long-term cooperative relationships with major global raw material companies both domestically and internationally.Trust-basedBusinessNetwork:Strengtheningpartnershipsbeyondsimplesupplyrelationshipsbyconductingjointdevelopmentprojectswithcustomersbasedonlong-termaccumulatedtechnicaldataandsynthesisexperience.Maintaininglong-termcooperativerelationshipswithmajorglobalrawmaterialcompaniesbothdomesticallyandinternationally.
Target IndustrieTargetIndustrie
Display Industry (OLED panel manufacturing)DisplayIndustry(OLEDpanelmanufacturing)
Semiconductor Industry (specialty chemical materials for semiconductor processes)SemiconductorIndustry(specialtychemicalmaterialsforsemiconductorprocesses)
Petrochemical Industry (synthetic polymer materials using catalysts)PetrochemicalIndustry(syntheticpolymermaterialsusingcatalysts)
Pharmaceutical and Bio Industry (API for new drug development, pharmaceutical intermediates, intermediates for genetic disease treatments)PharmaceuticalandBioIndustry(APIfornewdrugdevelopment,pharmaceuticalintermediates,intermediatesforgeneticdiseasetreatments)
Cosmetic Industry (cosmetic raw materials)CosmeticIndustry(cosmeticrawmaterials)
Secondary Battery Industry (electrolyte additives)SecondaryBatteryIndustry(electrolyteadditives)
Defense Industry (defense materials)DefenseIndustry(defensematerials)
Automotive Industry (interior/exterior materials in metallocene catalyst applications)AutomotiveIndustry(interior/exteriormaterialsinmetallocenecatalystapplications)
IT Industry (MLCC, foldable devices, laptops, etc.)ITIndustry(MLCC,foldabledevices,laptops,etc.)
Major MarketsMajorMarkets
South KoreaSouthKorea
United StatesUnitedStates
Certifications/PatentsCertifications/Patents
CEO Sang-jo Lee, awarded 'Chemistry Management Award' by the Korean Chemical Society (October 2025)CEOSang-joLee,awarded'ChemistryManagementAward'bytheKoreanChemicalSociety(October2025)
Successful development and commercialization of deuterium substitution technology, significantly extending the lifespan of OLED materials.Successfuldevelopmentandcommercializationofdeuteriumsubstitutiontechnology,significantlyextendingthelifespanofOLEDmaterials.
Establishment of a unique synthesis data library and big data platform based on over 6,000 synthesis experiences and 8,600 sample data.Establishmentofauniquesynthesisdatalibraryandbigdataplatformbasedonover6,000synthesisexperiencesand8,600sampledata.
Securing high-purity purification technology and mass production process capabilities.Securinghigh-puritypurificationtechnologyandmassproductionprocesscapabilities.