Yes, it is. 1) Hyung - 형 2) you - we don't translate it because "you" is "형" 3) to look - ~처럼 보이다. 4) so - 너무(positive meaning) 5) be cool - 멋지다. To sum up, "형(hyeong), 너무(neo mu) 멋져(meot jyeo)"

More simple, 형! 짱! 형- Hyung, means, you Know, Brother 짱 - Zang, this word is NEW and we used in common, and young people saying this word, I think this word is more closed, meaning of "멋져"