Hanryu Holdings, Nature Republic enter $2.58M service agreement

Hanryu Holdings announced that Hanryu and Nature Republic have entered into a service agreement, valued at $2.58 million, to promote mutual growth through promotion, planning, advertising, and sales activities. This agreement includes the use of one-of-a-kind characters such as Hanryu’s unique character ‘Deok Gom,’ as well as Nature Republic X FNS products and events to further grow brand reach and drive revenue on Hanryu’s leading media platform, FANTOO. The revenue of 2022 and June 2023 of Hanryu was $889,045 and $630,973, and Hanryu can expect at least $3.2 million as the revenue of 2023 including this service agreement. If so, the revenue of 2023 of the Company might be increased at least by 261% compared with its revenue of 2022.