Glossary

Regular income received periodically during retirement, either for a set period or for life.

An employee's total yearly compensation, typically calculated as 12 times the monthly salary.

A local tax levied on the acquisition of assets such as real estate or vehicles.

The sum of all values divided by their count, representing the central tendency of data.

The sales point where total revenue equals total costs, resulting in neither profit nor loss.

The proportion of body fat relative to total body weight, used as a health indicator.

The force of blood against artery walls, measured as systolic and diastolic pressure.

A measure of body fat based on weight divided by height squared, indicating obesity level.

The minimum energy expenditure required to sustain vital functions, measured in calories.

Interest calculated on both the initial principal and accumulated interest from prior periods.

A numerical representation of creditworthiness, affecting loan approval and interest rates.

A tax on the profit realized from the sale of assets such as real estate or stocks.

A unit of energy content in food, measuring energy needed for physical activity and metabolism.

The movement of money into and out of a business over a specific period.

An accounting method to allocate the declining value of an asset over its useful life.

A portion of a company's profits distributed to shareholders, expressed per share.

A financial product where a lump sum is deposited and returned with interest after a set period.

The ratio of total annual debt repayments to annual income, used to determine loan limits.

The ratio of annual housing loan repayments to annual income, used in loan screening.

A repayment method where equal principal amounts are paid monthly with decreasing interest.

A repayment method where equal monthly payments of principal and interest are made.

The rate at which one country's currency can be exchanged for another's.

A fund traded on stock exchanges that tracks a specific index or basket of assets.

Korea's social insurance system comprising National Pension, Health, Employment, and Industrial Accident insurance.

The total salary amount before any deductions for taxes and insurance premiums.

Social insurance jointly funded by employees and employers to cover medical expenses.

A provision that reduces taxable income, effectively lowering the tax rate bracket applied.

A tax levied on an individual's earnings over a specific period, paid to the government.

The percentage of principal charged as interest, usually expressed as an annual rate.

A sustained increase in the general price level, reducing the purchasing power of money.

A savings product where fixed amounts are deposited monthly and returned with interest at maturity.

A Korean rental system where tenants pay a large deposit instead of monthly rent.

Borrowing money from a financial institution under agreed interest terms.

The ratio of a loan amount to the appraised value of the collateral property.

The ratio of profit to revenue after deducting costs, a key profitability metric.

A rental arrangement with a deposit and regular monthly rent payments.

The legally mandated minimum hourly wage that must be paid to workers.

A public pension system jointly funded by employees and employers for retirement security.

The sum of future cash flows discounted to present value, used to evaluate investment viability.

Additional wages paid for hours worked beyond the legally mandated working hours.

The original amount of money borrowed or invested, used as the basis for interest calculation.

An annual local tax levied on owners of land, buildings, and residential properties.

A ratio expressed as a fraction of 100, denoted by the symbol '%'.

A traditional Korean area unit where 1 pyeong equals approximately 3.3058 square meters.

The likelihood of an event occurring, expressed as a number between 0 and 1.

A local tax levied on registration acts such as real estate registration or business licensing.

A comparison of two quantities expressed in the form 'A:B'.

The ratio of net profit to investment cost, measuring the efficiency of an investment.

Interest calculated only on the original principal amount, not on accumulated interest.

A lump-sum payment to employees upon leaving after one or more years, proportional to tenure.

A statistical measure of how spread out data values are from the mean.

A provision that directly reduces the amount of tax owed, lowering the total tax bill.

The net amount received after deducting taxes and social insurance from gross salary.

Total calories burned daily, including basal metabolism and physical activity.

An indirect tax levied on the value added at each stage of production or distribution.

A method where the payer deducts tax from income before paying the recipient.

An annual process for employees to reconcile income and deductions to receive refunds or pay additional tax.