Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 664

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 664
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, and investments in excess of liquidity. 4.2 Market risk management Market risk is the risk of possible losses which arise from the changes of market factors, such as interest rate, stock price, foreign exchange rate, commodity value and other market factors related to the fair value or future cash flows of the financial instruments, such as securities, derivatives and others.

F-112

4. Financial risk management (cont.) (1) Currency risk The following table sets forth the result of foreign currency translation into Korean won for financial assets and liabilities denominated in foreign currency of the Group as of December 31, 2023 and 2022:

| (Korean won in unit)            |     | December 31, 2023 |     |                |     |                |     | December 31, 2022 |     |                       |
|:--------------------------------|:----|------------------:|:----|---------------:|:----|:---------------|:----|------------------:|:----|:----------------------|
| USD                             |     |               EUR |     |            CHF |     | USD            |     |               EUR |     |                       |
| Assets in foreign currency      |     |    ₩   29,220,473 |     | ₩  301,368,136 |     | ₩  744,194,360 |     |  ₩  1,094,039,015 |     | ₩                   — |
| Liabilities in foreign currency |     |        64,470,000 |     |     16,289,133 |     | —              |     |        63,365,000 |     | —                     |

The following table sets forth the impact of strengthening (or weakening) of the Korean won by a hypothetical 10% against each foreign currency on the Group’s after -taxprofit (or loss), assuming all other variables remain constant.

| (Korean won in unit) |     | December 31, 2023 |      |     |                  |      |     | December 31, 2022 |     |                |   |
|:---------------------|:----|------------------:|:-----|:----|:-----------------|:-----|:----|:------------------|:----|:---------------|:--|
| Rise                 |     |                   | Fall |     |                  | Rise |     | Fall              |     |                |