Hanryu Holdings and Nature Republic Enter $2.58 Million Service Agreement to Drive Revenue and Brand Reach

Hanryu Holdings, a media-tech company known for its innovative social media platform FANTOO, has announced a service agreement with Nature Republic valued at $2.58 million. The agreement aims to promote mutual growth through various activities such as promotion, planning, advertising, and sales.

As part of the agreement, Hanryu will leverage its unique character, ‘Deok Gom,’ along with Nature Republic X FNS products and events, to expand brand reach and drive revenue on the FANTOO platform. With this collaboration, Hanryu expects its revenue for 2023 to increase by at least 261% compared to 2022.

Nature Republic, founded in 2009, is one of the largest Korean cosmetic companies with a strong presence in skincare, makeup, body, and hair care. The brand currently operates over 500 stores in South Korea and 19 countries, including the United States. The partnership with Hanryu will further enhance Nature Republic’s brand through the introduction of co-branded merchandise and expansion into PAPAYA stores.

Kang Chang Hyuk, the CEO of Hanryu Holdings, expressed excitement about the collaboration, stating that both companies are committed to magnifying the global presence of Nature Republic and attracting widespread attention. He emphasized that Nature Republic chose Hanryu’s FANTOO platform over other competitors due to its quality and innovative potential.

The promotion of the Nature Republic brand has already begun worldwide, and an initial payment has been made to Hanryu Holdings. This service agreement marks a significant milestone for FANTOO and sets the stage for a fruitful relationship between the two companies. Hanryu Holdings plans to explore profitable ventures that leverage its existing FANTOO platform, including revenue from multimedia promotions and merchandise sales, as well as its intellectual property, such as company-owned characters.

Hanryu Holdings invites users to visit their website for more information about FANTOO and its unique offerings. The company aims to create a global multimedia platform that fosters interaction, content creation, commerce, and a vibrant fandom community.

Please note that this press release contains forward-looking statements, and the actual outcome may be affected by various factors beyond the company’s control. Readers are advised to use caution and refer to the company’s filings with the SEC for a comprehensive understanding of the risks involved.

Contact:
Hanryu Holdings, Inc.
SunYoung Jang
jsy@fns.ai
contact@hanryuholdings.com

Investor Contact:
KCSA Strategic Communications
Valter Pinto, Managing Director
PH: (212) 896-1254
Hanryu@KCSA.com

Source: Hanryu Holdings Inc.