Korean word

무역

Pronunciation

Romanizationmuyeok

Meaning

  • nountrade

Example

한국은 많은 국가와 무역을 한다.han gu geun ma neun kuk kka wa mu yeo geul han da

South Korea trades with many countries.

Illustration for 무역 (trade)

More examples

최근 무역 수지가 악화되었다.choe geun mu yeok su ji ga a kwa doe eot tta

Recently, the trade balance deteriorated.

Core concept

Business that crosses national borders through the exchange of goods and services for payment.

Common phrases

  • 국제 무역kuk jje mu yeok

    international trade

  • 무역 수지mu yeok su ji

    trade balance

  • 무역 협정mu yeok hyeop jjeong

    trade agreement

Similar words

수출suchul: Selling and sending goods or services to buyers in another country.
수입suip: Purchasing goods or services from another country for the domestic market.
수출입suchurip: The combined activity of sending goods and services abroad and receiving them from abroad.
교역kyoyeok: Trading goods and services back and forth between countries.

Definition in Korean

한 나라와 다른 나라 사이에서 상품·서비스를 교환하고 그 대금을 정산하는 국제적 상거래를 이르는 말이다.han na ra wa ta reun na ra sa i e seo sang pum seo bi seu reul kyo hwan ha go keu tae geu meul cheong san ha neun kuk jje jeok sang geo rae reul i reu neun ma ri da

Word origin

This Sino-Korean term combines meanings related to buying and selling with changing or exchanging, which suits commerce between countries.

Usage tips

  • Unlike English trade, which can describe local business or an exchange of favors, this Korean noun usually points to business between countries.

Related words

  • 무역업muyeogeoptrading businessnoun
  • 무역회사muyeokoesatrading companynoun

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