Hanryu Holdings, Inc. announced the signing of a strategic Memorandum of Understanding partnership agreement with Ameridge Corp. to distribute its FANTOO-branded merchandise throughout at least 45 Papaya stores in the United States. This strategic partnership is mutually beneficial and synergistic for Hanryu's FANTOO application and Papaya.

Papaya's main customer demographic are women, ages 15 to 29, and approximately 81% of FANTOO's over 26 million users are men and women ages 20 to 39. By supplying Papaya with the fantastic clothing to its loyal customers, Papaya will receive new merchandise SKUs for distribution through their brick and mortar network and FANTOO will be able to market directly to their target audience in the U.S., while also generating revenue.