# EDGAR Filing Document

**Accession Number:** 0001911545
**File Stem:** 0001213900-23-024599
**Filing Date:** 2023-3
**Character Count:** 4167
**Document Hash:** e7b6092c06c1aea0588d2706e631c8b3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-024599.hdr.sgml**: 20231103

**ACCESSION NUMBER**: 0001213900-23-024599

**CONFORMED SUBMISSION TYPE**: CORRESP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230330

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hanryu Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001911545
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** CORRESP

**BUSINESS ADDRESS:**
- **STREET 1:** 160, YEOUISEO-RO
- **STREET 2:** YEONGDEUNGPO-GU
- **CITY:** SEOUL
- **STATE:** M5
- **ZIP:** 07231
- **BUSINESS PHONE:** 82-2-564-8588

**MAIL ADDRESS:**
- **STREET 1:** 160, YEOUISEO-RO
- **STREET 2:** YEONGDEUNGPO-GU
- **CITY:** SEOUL
- **STATE:** M5
- **ZIP:** 07231

Hanryu Holdings, Inc.

160, Yeouiseo-ro

Yeongdeungpo-gu, Seoul

Republic of Korea 07231

March 30, 2023

<u>VIA EDGAR</u>

United States Securities and Exchange Commission

Division of Corporation Finance

Office of Technology

100 F. Street, N.W.

Mail Stop 6010/3561

Washington, DC 20549

Attention: Melissa Kindelan, Senior Staff Accountant

Kathleen Collins, Accounting Branch Chief

Larry Spirgel, Office Chief

Edwin Kim, Staff Attorney

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| | |
|:---|:---|
| **Re:** | **Hanryu Holdings, Inc.** |

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**Amendment No. 4 to Registration Statement on Form S-1** 

**Filed March 21, 2023**

**File No. 333-269419**

Dear Mr. Kim:

Hanryu Holdings, Inc. (the "<u>Company</u>") confirms receipt of the letter dated March 29, 2023, from the staff (the "<u>Staff</u>") of the Securities and Exchange Commission (the "<u>Commission</u>") with respect to the above-referenced filing. We are responding to the Staff's comments as set forth below. The Staff's comments are set forth below, followed by the Company's response in bold:

Amendment No. 5 to Registration Statement on Form S-1 (the "<u>Registration Statement</u>")

<u>Management's Discussion and Analysis of Financial Condition and Results of Operations Results of Operations</u>

<u>Revenue, page 62</u>

1. Please
 revise to indicate the correct revenue amount in your discussion for the year ended December
 31, 2021 of $480,224, not $408,821.

**RESPONSE: In response to the Staff's comment, the Company has updated the discussion on page 62 of the Registration Statement to reflect the correct revenue amount of $480,224 for the year ended December 31, 2021.**

<u>Consolidated Balance Sheets, page F-4</u>

2. Please
 revise to reflect the amount associated with the common stock outstanding as of December
 31, 2021 on the appropriate line.

**RESPONSE: In response to the Staff's comment, the Company has revised the balance sheet on page F-4 of the Registration Statement to reflect the amount associated with the common stock outstanding as of December 31, 2021.**

<u>Notes to Consolidated Financial Statements</u>

<u>Note 15 - Significant Non-Cash Transaction, page F-39</u>

3. You
 disclose here that for the year ended December 31, 2022, investments of $1,578,158 were reduced
 by receiving non-trade receivables for the same aggregate value. Based on your disclosures
 in Note 9, it appears that the only investments sold during fiscal 2022 were the Setopia
 Bonds from which you received <u>cash</u> consideration of $696,621 and a non-trade receivable
 for $867,987. Please explain what investment sale the $710,171 non- trade receivable relates
 to and revise your disclosures in Note 9 (and elsewhere as necessary) to include a discussion
 of such transaction.

**RESPONSE: In response to the Staff's comment, the Company has updated its disclosures on page F-32 of the Registration Statement to include a discussion of the transaction that resulted in the $710,171 non-trade receivable.**

We trust that this response satisfactorily responds to your request. Should you require further information, please contact our legal counsel Matthew Ogurick at (212) 536-4085.

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| |
|:---|
| Very truly yours, |
| */s/ Chang-Hyuk Kang* |
| Chang-Hyuk Kang, |
| Chief Executive Officer |

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cc: Matthew Ogurick, Esq. of K&L Gates LLP