Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 340

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1A
Chunk 340
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 in part on the overall Korean economy. The economic indicators in Korea in recent years
have shown mixed signs of growth and uncertainty, and the current political environment in Korea is expected to continue to result in
an erosion of the currency exchange rate between the Korean Won and the U.S. dollar. As a result, future growth of the Korean economy
is subject to many factors beyond our control, including developments in the global economy.

The Korean economy is closely tied to, and is affected by developments
in, the global economy. In recent years, adverse conditions and volatility in the worldwide financial markets, fluctuations in oil
and commodity prices, and the COVID-19 pandemic, have contributed to the uncertainty of global economic prospects in general
and have adversely affected, and may continue to adversely affect, the Korean economy. Due to liquidity and credit concerns and volatility
in the global financial markets, the value of the Korean Won relative to the U.S. dollar and other foreign currencies and the stock
prices of Korean companies have fluctuated significantly in recent years. Further declines in the Korea Composite Stock Price Index,
and large amounts of sales of Korean securities by foreign investors and subsequent repatriation of the proceeds of such sales may adversely
affect the value of the Korean Won, the foreign currency reserves held by financial institutions in Korea, and the ability of Korean companies
to raise capital. Any future deterioration of the Korean economy or the global economy could adversely affect our business, financial
condition, and results of operations.

Fluctuations in exchange rates could result in foreign currency
exchange losses to us.

The value of the Korean Won and other currencies against the U.S. dollar
has fluctuated, and may continue to fluctuate and is affected by, among other things, changes in political and economic conditions. Since
late 2024, there has been an increased level of political unrest in Korea, including the impeachment and arrest of the Korean President
and the exchange rate between the Korean Won and the U. S. dollar has been adversely affected. It is difficult to predict how market forces
or Korean or U.S. government policy, including interest rate changes by the U.S. Federal Reserve, may impact the exchange rate between
the Korean Won and the U.S. dollar in the future.

A substantial percentage of our revenue and costs are denominated in
Korean Won, and a significant portion of our financial assets are also denominated in Korean Won, while we anticipate