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Short-Term Loan Payables (Tables)

12 Months Ended

Dec. 31, 2023

Short-Term Loan Payables (Tables) [Line Items]

Schedule of Short-Term Loan Payables Outstanding

The following table summarizes information with regard to short-term loan payables outstanding as of December 31, 2023 and December 31, 2022.

		Interest Rate				December 31, 2023				December 31, 2022
Short-term loan payables from Sungil Jeon maturing in December 2023			0	%		$	—			$	165,707
Short-term loan payables from Junwoo Choi maturing in August 2024			0	%			193,889				39,454
Short-term loan payables from Minja Nam maturing in November 2023			18	%			—				394,540
Short-term loan payables from Byoung Ik Choi maturing in September 2024			0	%			155,111				—
Short-term loan payables from Bong Sang Kim and others maturing in September 2024			0	%			232,666				—
Short-term loan payables from Se Kyoung Kim and others maturing in November 2024			4.6	%			387,778				—
Short-term loan payables from Kye Sook Kim and others maturing in June 2024			4.6	%			620,443
Short-term loan payables from Gwanmin Park maturing in December 2023			0	%			—				7,891
Short-term loan payables from Seorin Partners Co., Ltd maturing in June 2023			0	%			—				78,908
Short-term loan payables from Taeshin Tax Accounting Corporation maturing in April 2023 and October 2023			0	%			—				36,297
Total short-term loan payables						$	1,589,887			$	722,797

Related Party [Member]

Short-Term Loan Payables (Tables) [Line Items]

Schedule of Short-Term Loan Payables Outstanding

The following table summarizes information with regard to short-term loan payables from related parties outstanding as of December 31, 2023 and December 31, 2022. SiYoung Jang and Munjoong Kang are HBC’s co-founders and shareholders of Hanryu Holdings, and Changhyuk Kang serves as Chief Executive Officers and Director of Hanryu Holdings and HBC.

		December 31, 2023				December 31, 2022
Short-term loan payables from Munjoong Kang maturing in February 2024			—				149,122
Short-term loan payables from Siyoung Jang maturing in December 2023			—				78,908
Short-term loan payables from Changhyuk Kang maturing in October 2023			—				31,563
Total short-term loan payables from related parties		$	—			$	259,593

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- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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