Korean Conversation · Level 424
15 words
Korean word
권리금
Pronunciation
Romanizationkwolligeum
Meaning
- nounkey money
Example
가게를 인수할 때 권리금을 줘야 해.ka ge reul in su hal ttae kwol li geu meul chwo ya hae
When taking over a store, you have to pay key money.
More examples
임대인이 권리금을 받으려고 한다.im dae i ni kwol li geu meul pa deu ryeo go han da
The landlord is trying to collect key money.
Core concept
Money paid to take over the business value built up by an earlier shop owner, such as its location, customers, and reputation.
Common phrases
권리금을 주다kwol li geu meul chu da
pay key money
권리금을 받다kwol li geu meul pat tta
receive key money
Similar words
영업권yeongeopkkwon: The value or right connected with operating an ongoing business.
보증금pojeunggeum: A sum given to a landlord as protection under a rental contract and often returned later.
월세wolse: Monthly rent paid for the use of a rented place.
중개수수료chunggaesusuryo: A fee charged for helping complete a property or other business transaction.
Definition in Korean
상가나 점포를 넘겨받을 때 이전 주인이 쌓아온 영업상의 유·무형 가치를 돈으로 환산해 주는 금액.sang ga na cheom po reul neom gyeo ba deul ttae i jeon chu i ni ssa a on yeong eop ssang ui yu mu hyeong ka chi reul to neu ro hwan san hae chu neun keu maek
Word origin
The word combines Sino-Korean elements meaning right and money, framing the payment as money for the business value attached to a shop.
Usage tips
- In Korean shop listings, this cost is often shown separately from rent, so it helps explain why a business can require a large upfront payment.