Business in Korean – Vocabulary To Learn Before Starting A Company

Last Updated on September 27, 2021 by 90 Day Korean
Business in Korean

One of the reasons people come to Korea is for work, which makes learning business in Korean very essential. In this lesson, we will be learning exactly what you need before you embark on your plans for a business in Korea.

Business in Korean

Below is a free PDF guide for “Business in Korean” that you can download and take with you:

Business culture in South Korea

Apart from the basic Korean vocabulary, another important subject about business in Korea that we need to discuss is the business etiquette of Koreans. Since this is essential in Korean business, we dedicated a separate article for this topic. If you would like to learn more about Korean work and business culture, visit our article on the topic. You’ll also want to know Korean business etiquette before doing any business with your Korean business partner.

Now that we’ve covered that let’s get down to business and learn words and phrases about business Korean!

Business in Korean

The words for “business” in Korean are 사업 (saeop) and 상업 (sangeop), and the word 영업 (yeongeop) is also sometimes used. There is little difference between these words, so you may use whichever comes naturally to you.

Company in Korean

The word for “company” in Korean is 회사 (hoesa). Regardless of the size or type of company, this is a word you can use to describe it.

Company in Korean

Korean business vocabulary

Now you know how to say the Korean words for business and company. Let’s now learn more specific terms or languages revolving around business!

Words for Types of Companies in Korean

A Company or a business can come in different types and sizes. Below are their terms Korean.

EnglishKorean
business사업 (saeop)
enterprise기업 (gieop)
large enterprise대기업 (daegieop)
small and medium-sized companies중소기업 (jungsogieop)
venture company벤처기업 (bencheogieop)
company회사 (hoesa)
corporation주식회사 (jusikhoesa)
limited company유한회사 (yuhanhoesa)
unlimited partnership합명회사 (habmyeonghoesa)
joint-stock company합자회사 (habjahoesa)
establishment of a company창업 (changeop)
partnership제휴 (jehyu)
corporate entity법인 (beobin)

Job Positions in Korean

These are some job positions that you’ll often encounter when dealing with businesses in Korea. For a more extensive list of job positions in Korean, we have a separate article you can find here.

EnglishKorean
department head부장 (bujang)
section manager과장 (gwajang)
CEO최고경영자 (choegogyeongyeongja)
deputy대리 (daeri)

Different Business Types in Korean

Businesses are categorized through the service they provide. Here are some of them in Korean.

EnglishKorean
service business서비스업 (seobiseueop)
hospitality숙박업 (sokbageop)
restaurant business음식점업 (eumsikjeomeop)
wholesale business도매업 (domaeeop)
logistics business물류업 (mullyueop)
manufacturing industry제조업 (jejoeop)
business owner

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Company Departments in Korean

A company or business is comprised of departments that specialize in specific tasks. Here are some of them:

EnglishKorean
management department관리부 (gwallibu)
general affairs department총무부 (chongmubu)
planning department기획부 (gihoekbu)
human resources인사부 (insabu)
accounting department회계부 (hoegyebu)
financing department재무부 (jaemubu)
sales department영업부 (yeongeopbu)
production department생산부 (saengsanbu)
logistics department물류부 (mullyubu)
IT department전산부 (jeonsanbu)
technology department기술부 (gisulbu)
research department연구부 (yeongubu)

Words Used for Business Meetings in Korean

When it comes to meeting with Korean business partners, it’s also helpful to learn these Korean words.

EnglishKorean
meeting회의 (hoeui)
deal거래 (georae)
trade교역 (gyoyeok)
negotiation협상 (hyeopsang)
business trip출장 (chuljang)
contract계약 (gyeyak)
business card명함 (myeongham)
Successful Business Meeting

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Payment is an essential part of businesses. Here are some terms related to payment and taxes in a business.

EnglishKorean
payment, reward보상 (bosang)
method방법 (bangbeop) 
price가격 (gagyeok)
purchase구매 (gumae)
sale판매 (panmae)
income소득 (sodeuk)
profit이익 (iik)
loss손해 (sonhae)
loss손실 (sonsil)
non-payment부도 (budo)
bill어음 (eoeum)
debt채무 (chaemu)
liabilities부채 (buchae)
invoice대차 계정 (daecha gyejeong)
customs tax관세 (gwanse)
tax세금 (segeum)
surtax부가세 (bugase)

Common business vocabulary in Korean

There are plenty of other business terms in the Korean language, but these are the most common ones you’ll encounter.

EnglishKorean
stockholder주주 (juju)
transfer양도 (yangdo)
monopoly독점 (dokjeom)
bidding입찰 (ipchal)
export수출 (suchul)
import수입 (suip)
management경영 (gyeongyeong)
financial affairs재무 (jaemu)
tax affairs세무 (semu)
supply공급 (gonggeup)
demand수요 (suyo)
capital자본 (jabon)
bond채권 (chaegwon)
property자산 (jasan)
market시장 (sijang)
trademark상표 (sangpyo)
product상품 (sangpum)
item품목 (pummok)
patent, license특허 (teukeo)
deficit적자 (jeokja)
margin마진 (majin)
investment투자 (tuja)
advertisement광고 (gwanggo)
bank note지폐 (jipye)
check수표 (supyo)
account채무 명세서 (chaemu myeongseseo)
complaint불평 (bulpyeong)
customer고객 (gogaek)
interest이자 (ija)
law법 (beop)
share주식 (jusik)
Dialogs Conversations

Photo credit: https://bigstock.com

Sample Business Conversation

For the next level, we will be learning Korean phrases related to business. Each phrase will especially be helpful when talking to or meeting with Korean clients.

EnglishKorean
Nice to meet you.만나서 반갑습니다.
(mannaseo bangapseumnida)
How do you do? (Asked upon meeting for the first time.)처음 뵙겠습니다.
(cheoeum boepgetseumnida)
Here's my business card.여기 제 명함입니다.
(yeogi je myeonghamimnida.)
Will you be at work tomorrow?내일 회사에 계실 건가요?
(naeil hoesae gyesil geongayo?)
I would like to meet with you tomorrow.내일 찾아뵙고 싶은데요.
(naeil chajaboepgo sipeundeyo.)
What day is good for you?무슨 요일이 괜찮으세요?
(museun yoiri gwaenchaneuseyo?)
What does your schedule look like?일정이 어떻게 되세요?
(iljeongi eotteoke doeseyo?)
When do you want to meet?언제 만나고 싶으세요?
(eonje mannago sipeuseyo?)
Where do you want to meet?어디에서 만나고 싶으세요?
(eodieseo mannago sipeuseyo?)
That's not a good day for me.그 날은 좀 안 될 것 같아요.
(geu nareun jom an doel geot gatayo.)
Do you have time now?지금 시간 좀 있으세요?
(jigeum sigan jom isseuseyo?)
What did you need to see me about?무슨 일로 찾으셨어요?
(museun illo chajeusyeosseoyo?)
Can we change the date of the meeting to next week?회의를 다음 주로 시간을 변경할 수 있을까요?
(hoeuireul daeum juro siganeul byeongyeonghal su isseulkkayo?)
Please be more clear.더 정확히 말씀해주세요.
(deo jeonghwaki malsseumhaejuseyo)
Can you please say that one more time?다시 한번 말씀해주시겠어요?
(dasi hanbeon malsseumhaejusigesseoyo?)
I'm sorry, but it doesn't seem possible.죄송하지만 안될 것 같습니다.
(joesonghajiman andoel geot gatseumnida)
May I speak with X?X 씨와 통화할 수 있을까요?
(X ssiwa tonghwahal su isseulkkayo?)
May I ask who's calling?전화주신 분 성함을 알 수 있을까요?
(jeonhwajusin bun seonghameul al su isseulkkayo?)
Would you mind calling back later?이따가 다시 전화해 주실 수 있으세요?
(ittaga dasi jeonhwahae jusil su isseuseyo?)
I look forward to your kind cooperation.잘 부탁드립니다.
(jal butakdeurimnida)
Thank you for giving me your time.시간내주셔서 감사합니다.
(sigannaejusyeoseo gamsahamnida)
Thank you for coming.와주셔서 감사합니다.
(wajusyeoseo gamsahamnida)
I will leave first.먼저 들어가보겠습니다.
(meonjeo deureogabogetseumnida)
I'm afraid I cannot speak Korean well yet. Is it possible to speak in English?죄송하지만 아직 한국어를 잘 못하는데요, 영어로 말해도 괜찮을까요?
(joesonghajiman ajik hangugeoreul jal mothaneundeyo, yeongeoro malhaedo gwaenchaneulkkayo?)
I apologize for making you wait.기다리시게 해서 정말 죄송합니다.
(gidarisige haeseo jeongmal joesonghamnida)

Should I learn Korean for business?

If you intend to conduct business in South Korea or work for a Korean firm, learning about business in Korean can be very helpful. Not only will it help you understand Korean business culture better, but it’s also a sure-fire way to wow all of the bosses, coworkers, and business partners.

Learning business Korean will come tremendously handy when you may be communicating with someone whose English isn’t as strong or where much of the conversation around you happens in Korean. It will be beneficial to set some time aside for some Korean language learning.

Well, that’s many words and phrases related to business in Korean that we’ve just learned! Although it may seem like a lot and complicated, this is such an important vocabulary if you want to do business in Korea and learn Korean at the same time.

Through this language learning, building your business relationships will surely take a positive turn. Thankfully, after this lesson, you’re one step closer to doing a great job at it! If you want to keep learning with us, many more Korean lessons are available on our blog.

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