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보조금 — meaning in English: subsidy

bojogeum · Learn this word with quizzes, examples and more on Maspeak.

Guess the translation for grant
체포
chepo
연방
yeonbang
보조금
bojogeum
보존
bojon
용량
yonglyang
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formal common
Usage
Native speakers often use the word 보조금 (bojogeum) in discussions related to government financial support, such as agricultural subsidies or housing assistance. For example, when a farmer talks about receiving 보조금 to help with crop production, or when someone discusses how 보조금 can aid low-income families in affording better living conditions.
Synonyms & nuances
A close synonym for 보조금 is 지원금 (jiwongeum), which also means 'grant' or 'support fund.' However, 보조금 specifically refers to subsidies often provided by the government, while 지원금 can refer to any type of financial support, including private foundations or organizations. Therefore, you would use 보조금 when discussing government aid specifically.
Culture
The term 보조금 has its roots in the verb 보조하다 (bojohada), which means 'to assist' or 'to help.' In South Korea, 보조금 plays a significant role in various socio-economic programs, reflecting the government's commitment to social welfare and economic development. Interestingly, during the rapid industrialization of the 1960s and 1970s, 보조금 was a key factor in supporting industries and boosting economic growth.
FAQ
Q.What is the meaning of 보조금 in English?
보조금 translates to 'subsidy' in English, referring to financial assistance provided to individuals or groups to support economic activities.
Q.How is 보조금 used in a sentence?
An example sentence could be: '정부는 농민들에게 보조금을 제공합니다,' which means 'The government provides subsidies to farmers.'
Q.Are there any common mistakes when using 보조금?
One common mistake is confusing 보조금 with similar terms like 지원금 (jiwongeum). Remember, 보조금 specifically refers to subsidies from the government for economic support, while 지원금 can be more general.
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