Company: OSRH
Filing Date: 2025-01-23
Form Type: CORRESP
Source: 0001213900-25-006143
Chunk: 7

Company: OSR Holdings, Inc.
Filing Date: 2025-01-23
Form: CORRESP
Chunk 7
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. Holders in OSR Holdings, and, as such, we excluded those shares held by BCM and BCM Europe AG, for purposes of such calculation.
We also note that BCM Europe AG is a Swiss company and is not a U.S. Holder. Therefore, this will advise the Staff that the total level
of ownership of U.S. Holders in OSR Holdings, calculated in accordance with Section 14d-1 of the Exchange Act, as described above, is
less than 0.5% of the outstanding shares of OSR Holdings as of July 11, 2023 and at all times through the date hereof.

We appreciate your time and
attention to the Company’s filing. We hope that these responses adequately satisfy the Staff’s comments and concerns. Should
you have any questions, please call me at (206) 370-7809.

| Very truly yours,  |
| /s/ Gary J. Kocher |

cc: Kuk Hyoun Hwang, Chief Executive Officer