기업 — meaning in English: Enterprise

Usage

The word 기업 (gieob) is commonly used in business meetings, corporate reports, and discussions about the economy in South Korea. For example, during a presentation about market trends, a speaker might refer to various 기업 to illustrate points about competition and innovation.

Synonyms & nuances

While 기업 specifically refers to an enterprise or business, another word, 상사 (sangsa), refers more to a company or firm. Use 기업 when discussing broader concepts of business or economic activity, while 상사 might be more appropriate in contexts about specific organizations.

Culture

The term 기업 has roots in the Chinese characters '企業', which means 'to engage in business.' In South Korea, the concept of 기업 is not just about profit; it's deeply intertwined with national pride and innovation. Many of the country's largest corporations, known as 'chaebols,' embody the spirit of 기업, making their success a point of cultural significance.

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