Hanryu Holdings Launches Personalized Artificial Intelligence Assistant, DeokGom, on FANTOO in November

SEOUL, REPUBLIC OF SOUTH KOREA / ACCESSWIRE / November 7, 2023 / Hanryu Holdings, Inc. (NASDAQ:HRYU) (the "Company" or "Hanryu"), a media-tech company and creator of FANTOO, an all-in-one social media experience connecting k-culture fans globally, today announced the launch of a personalized artificial intelligence feature to its global user base in November.

FANTOO's flagship digital character, DeokGom, is well-recognized among users and this month will expand its offerings to provide an enhanced user experience. This new feature on FANTOO will be unveiled as a paid-for-service using FANIT and FANTOO POINT (FP) that users own. AI DeokGom, with the power of Chat GPT, will interact with users, provide customized services and various Hanryu info to users.

Hanryu is working closely with its partner, SALTLUX, to leverage its Goover AI technology to provide real-time news and Fandom info on FANTOO including world news and social media in real-time. Also, the Company will provide advanced AI assistant services to users by analyzing the user's behavior to understand personality, lifestyle, and interests. Based on that data, AI assistant will recommend users' content and other services offerings on FANTOO.

Mr. Kang Chang Hyuk, CEO of Hanryu Holdings, remarked, "The integration of leading technology such as artificial intelligence onto FANTOO is of upmost importance for our growth strategy and our ongoing effort to continue to enhance the user experience. This exclusive artificial intelligence service will increase user convenience and create value on our platform. Because this is a paid-for-service, we expect meaningful financial value by this service. Through this, we will lay the foundation for growth as an AI company and strive to revolutionize fandom culture."

About Hanryu Holdings

Hanryu Holdings, Inc., is the creator of the engaging and innovative social media platform, "FANTOO". FANTOO connects users around the world that share similar interests by providing distinctive service offerings, technologies, applications, and websites. Through FANTOO, we provide a global multi-media platform for our users to interact with other like-minded users, to share their appreciation of various types of entertainment and cultures, create their own content, enjoy other users' content, engage in commerce, and experience a "fandom" community we believe is unlike any other. For more information, please visit www.hanryuholdings.com.

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Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or future performance and include, without limitation, statements concerning the Company's business strategy, future revenues, market growth, capital requirements, product introductions, expansion plans and the adequacy of its funding, the proposed offering, and the plan to list on the The Nasdaq Capital Market. Other statements contained in this press release that are not historical facts are forward-looking statements. The Company has tried, wherever possible, to identify forward-looking statements by terminology such as "may," "will," "could," "should," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and other comparable terminology.

The Company cautions you that any forward-looking statements presented in this press release are based on the beliefs of, assumptions made by, and information currently available to us. Such statements are based on assumptions, and the actual outcome will be affected by known and unknown risks, trends, uncertainties, and factors that are beyond the Company's control or ability to predict. Although the Company believes that its assumptions are reasonable, it is not guaranteeing of future performance, and some will inevitably prove to be incorrect. As a result, the Company's actual future results can be expected to differ from its expectations, and those differences may be material. Accordingly, you should use caution in relying on forward-looking statements, which are based only on known results and trends at the time they are made, to anticipate future results or trends. Certain risks are discussed from time to time in the Company's filings with the SEC.

You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by law, the Company is not obligated to publicly release any revisions to these forward-looking statements to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Company 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.