Korean Finance & Banking Words & Phrases
Managing money in Korea requires knowing the right financial vocabulary. Whether you're opening a bank account, sending a wire transfer, or discussing investments, these terms are essential for anyone living or doing business in Korea. They cover everyday banking to more advanced financial concepts.
100 words
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저축 계좌
Jeochuk gyejwa
Savings Account
Beginner당좌 계좌
Dangja gyejwa
Checking Account
Intermediate입금
Ipgeum
Deposit
Beginner출금
Chulgeum
Withdrawal
Beginner해외 송금
Haewoe songgeum
Wire Transfer
Intermediate이자율
Ijayul
Interest Rate
Intermediate대출
Daechul
Loan
Intermediate주택 담보 대출
Jutaek dambo daechul
Mortgage
Intermediate신용
Sinyong
Credit
Intermediate직불
Jikbul
Debit
Intermediate현금 자동 입출금기
Hyungeum jadong ipchulgeum-gi
ATM
Beginner환율
Hwanyul
Exchange Rate
Intermediate외화
Oehwa
Foreign Currency
Intermediate원
Won
Won (Korean Currency)
Beginner달러
Dalleo
Dollar
Beginner유로
Yuro
Euro
Intermediate엔
En
Yen
Intermediate주식
Jusik
Stock
Intermediate주식 시장
Jusik sijang
Stock Market
Intermediate코스피
Kosepi
KOSPI
Advanced주
Ju
Shares
Intermediate배당금
Baedanggeum
Dividend
Intermediate펀드
Peundeu
Fund
Intermediate뮤추얼 펀드
Myuchuwal peundeu
Mutual Fund
Advanced상장 지수 펀드
Sangjang jisu peundeu
ETF
Advanced부동산 투자
Budongsan tuija
Real Estate Investment
Advanced비트코인
Biteukoin
Bitcoin
Advanced자산
Jasan
Asset
Intermediate부채
Buchae
Liability
Intermediate재무 제표
Jaemu jeyo
Financial Statement
Advanced손익 계산서
Soneik gyesan-seo
Income Statement
Advanced감사
Gamsa
Auditing
Advanced소득세
Sodeukse
Income Tax
Intermediate법인세
Beobin-se
Corporate Tax
Advanced세금 신고
Segeum singo
Tax Return
Intermediate생명 보험
Saengmyeong boheom
Life Insurance
Intermediate건강 보험
Geongang boheom
Health Insurance
Intermediate화재 보험
Hwajae boheom
Fire Insurance
Intermediate퇴직 기금
Toejik gigeum
Retirement Fund
Intermediate국민 연금
Gungmin yeongeum
National Pension (Korea)
Intermediate임금
Imgeum
Wage
Intermediate급여 수표
Geupyeo suhyo
Paycheck
Intermediate최저 임금
Choejeo imgeum
Minimum Wage
Intermediate초과 근무 수당
Chogwa geunmu sudang
Overtime Pay
Intermediate파산
Pasan
Bankruptcy
Advanced빚
Bbit
Debt
Intermediate채권자
Chaegwon-ja
Creditor
Advanced채무자
Chaemu-ja
Debtor
Advanced담보
Dambo
Collateral
Advanced보증인
Bojeung-in
Guarantor
Advanced금융 위기
Geumyung wiggi
Financial Crisis
Advanced인플레이션
Inpeulleisyeon
Inflation
Intermediate디플레이션
Dipeulleisyeon
Deflation
Advanced경기 침체
Gyeonggi chimche
Recession
Advanced국내 총생산
Gungnaae chong saengsang
GDP
Advanced국민 총생산
Gungmin chong saengsang
GNP
Advanced무역 적자
Muyeok jeokja
Trade Deficit
Advanced무역 흑자
Muyeok heukja
Trade Surplus
Advanced수출 금융
Suchul geumyung
Export Finance
Advanced수입 금융
Suip geumyung
Import Finance
Advanced중앙은행
Jungang eunhaeng
Central Bank (Bank of Korea)
Advanced상업 은행
Sangeop eunhaeng
Commercial Bank
Advanced투자 은행
Tuija eunhaeng
Investment Bank
Advanced모바일 뱅킹
Mobail baengking
Mobile Banking
Intermediate인터넷 뱅킹
Inteonet baengking
Internet Banking
Intermediate페이팔
Peipal
PayPal
Intermediate카카오 페이
Kakao pei
Kakao Pay
Intermediate네이버 페이
Neibeo pei
Naver Pay
Intermediate금융 규제
Geumyung gyuje
Financial Regulation
Advanced금융감독위원회
Geumyung gamdog wiwonhoe
FSC (Financial Services Commission)
Advanced경제협력개발기구
Gyeongje hyeomryeok gaebal gigoo
OECD
Advanced국제통화기금
Gukje tongwha gigeum
IMF
Advanced세계은행
Segyae eunhaeng
World Bank
Advanced헤지 펀드
Heji peundeu
Hedge Fund
Advanced스타트업 자금
Seutateup jageum
Startup Funding
Advanced인수합병
Insu habbyeop
M&A
Advanced재무 고문
Jaemu gomun
Financial Advisor
Advanced중개인
Junggaein
Broker
Advanced트레이더
Teureideeo
Trader
Advanced부가가치세
Bugagachi se
Sales tax
Intermediate재산세
Jaesansse
Property tax
Intermediate수입
Suip
Income
Beginner신용점수
Sinyong jeomsoo
Credit score
Intermediate퇴직 계획
Toejik gyehoek
Retirement plan
Intermediate복리
bokni
Compound Interest
Advanced정기예금
jeonggi yegeum
Fixed Deposit
Intermediate마이너스 통장
maineos tongjiang
Overdraft
Intermediate송금
songgeum
Remittance
Intermediate순자산
sunja-san
Net Worth
Advanced자산 배분
jasan baebun
Asset Allocation
Advanced적립식 투자
jeoknipsik tuja
Dollar Cost Averaging
Advanced단기 금융 시장
dangi geumyung sijang
Money Market
Advanced금융 이해력
geumyung ihaenyeok
Financial Literacy
Intermediate부채 통합
buchae tonghap
Debt Consolidation
Advanced거래 내역서
georae naeyeokseo
Bank Statement
Beginner외환 거래
oehwan georae
Foreign Exchange Trading
Advanced기준 금리
gijun geumni
Prime Rate
Advanced물가 상승률
mulga sangseungnyul
Inflation Rate
Advanced저축률
jeochungnyul
Savings Rate
Advanced간편 결제
ganpyeon gyeolche
Mobile Payment
BeginnerNavigating personal finance in a new country can be daunting, and for Korean learners, understanding banking and financial terminology is absolutely crucial for a smooth experience. Whether you're planning to study, work, or simply travel extensively in Korea, being able to confidently discuss money matters will empower you greatly. Imagine needing to open a "Savings Account" (저축 계좌) or perform a "Withdrawal" (출금) from an ATM. Without the correct vocabulary, these simple tasks can become frustrating hurdles. Beyond daily transactions, understanding terms like "Interest Rate" (이자율) is vital when considering loans or investments, and knowing how to ask about "Wire Transfer" (해외 송금) is essential for sending money internationally. Even something as common as using an "ATM" (현금 자동 입출금기) requires familiarity with specific phrases. Mastering this financial lexicon not only helps you avoid misunderstandings but also builds confidence in managing your finances independently, allowing you to fully immerse yourself in Korean life. From understanding your paychecks to making larger purchases, these words form the backbone of financial literacy in Korea. This foundational knowledge ensures you can interact effectively with banks, understand financial documents, and make informed decisions, making your time in Korea much more manageable and secure.
Start with these finance & banking words
These entries give you the fastest route into this category: the Korean term, how it is pronounced, and the kind of real sentence where it appears.
저축 계좌
Jeochuk gyejwa
Savings Account
A common type of bank account in Korea where customers save money and earn interest. Most Koreans have at least one savings account for emergency funds.
당좌 계좌
Dangja gyejwa
Checking Account
Used primarily for business transactions and bill payments in Korea. Less common for personal use compared to savings accounts.
입금
Ipgeum
Deposit
The act of putting money into a bank account. Koreans use online banking or ATMs for deposits regularly.
출금
Chulgeum
Withdrawal
Taking money out of a bank account. ATM withdrawals are very common in Korea, and most ATMs are available 24/7.
해외 송금
Haewoe songgeum
Wire Transfer
International money transfer used for sending money abroad. Common for Korean workers sending money to family or international business transactions.
이자율
Ijayul
Interest Rate
The percentage of money earned on savings or paid on loans. Korean banks offer varying interest rates depending on account type and economic conditions.
대출
Daechul
Loan
Borrowing money from a bank with the obligation to repay with interest. Personal loans and business loans are common in Korea.
주택 담보 대출
Jutaek dambo daechul
Mortgage
A long-term loan for purchasing property in Korea. Housing prices are high, so most Koreans use mortgages to buy apartments.
Frequently asked questions
What Korean terms are essential for opening a bank account in Korea?+
To open an account, you will need to understand "Savings Account" (저축 계좌) or "Checking Account" (당좌 계좌). You might also hear "Deposit" (입금) when putting money in. Be prepared to provide identification and understand basic banking procedures. Knowing these terms will help you communicate effectively with bank tellers.
How do I discuss sending or receiving money internationally in Korean?+
For international transactions, the key term is "Wire Transfer" (해외 송금). If you are sending money, you are "depositing" (입금) it to be sent. If you are receiving, you are expecting a "deposit" (입금). Understanding these helps ensure your funds reach their destination or arrive safely in your account.
What are the basic Korean phrases for using an ATM for cash?+
When using an ATM, which is a "현금 자동 입출금기" (Hyungeum jadong ipchulgeum-gi), you'll primarily need "Withdrawal" (출금) for taking cash out and "Deposit" (입금) for putting cash in. These are the most common functions you will encounter. Familiarity with these terms makes self-service banking straightforward.
What Korean financial terms are important when considering loans or credit?+
When discussing borrowing money, the general term is "Loan" (대출). For larger purchases like a home, you might encounter "Mortgage" (주택 담보 대출). Understanding "Interest Rate" (이자율) is crucial as it determines the cost of borrowing. Your "Credit" (신용) history will also play a significant role in loan eligibility.
What Korean word do I need to know for currency exchange?+
The most important term for exchanging currency is "Exchange Rate" (환율). This refers to the value of one currency in relation to another. When traveling or sending money internationally, you'll frequently encounter this term at banks or currency exchange booths. Understanding "환율" helps you gauge the value of your money.
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