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                             March 29, 2023

       Chang-Hyuk Kang
       Chief Executive Officer
       Hanryu Holdings, Inc.
       160, Yeouiseo-ro
       Yeongdeungpo-gu, Seoul
       Republic of Korea 07231

                                                        Re: Hanryu Holdings,
Inc.
                                                            Amendment No. 4 to
Registration Statement on Form S-1
                                                            Filed March 21,
2023
                                                            File No. 333-269419

       Dear Chang-Hyuk Kang:

             We have reviewed your amended registration statement and have the
following
       comments. In some of our comments, we may ask you to provide us with
information so we
       may better understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.

       Amendment No. 4 to Form S-1 filed on March 21, 2023

       Management's Discussion and Analysis of Financial Condition and Results
of Operations
       Results of Operations
       Revenue, page 62

   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.
       Consolidated Balance Sheets, page F-4

   2.                                                   Please revise to
reflect the amount associated with the common stock outstanding as of
                                                        December 31, 2021 on
the appropriate line.
 Chang-Hyuk Kang
Hanryu Holdings, Inc.
March 29, 2023
Page 2
Notes to Consolidated Financial Statements
Note 15 - Significant Non-Cash Transaction, page F-39

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 cash 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.
       You may contact Melissa Kindelan, Senior Staff Accountant, at (202)
551-3564 or
Kathleen Collins, Accounting Branch Chief, at (202) 551-3499 if you have
questions regarding
comments on the financial statements and related matters. Please contact Edwin
Kim, Staff
Attorney, at (202) 551-3297 or Larry Spirgel, Office Chief, at (202) 551-3815
with any other
questions.



                                                          Sincerely,
FirstName LastNameChang-Hyuk Kang
                                                          Division of
Corporation Finance
Comapany NameHanryu Holdings, Inc.
                                                          Office of Technology
March 29, 2023 Page 2
cc:       Matthew Ogurick, Esq.
FirstName LastName