Understanding financial terminology is crucial when doing business or managing finances in Korea. This guide focuses on the specific term for “Inventory Secured Loan” (재고담보대출) and related expressions used in banking and business contexts. Learning these terms will help you navigate discussions about business loans that use inventory as collateral.
Table Of Content
Core Expression
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Expression: 재고담보대출
Pronunciation: jae-go-dam-bo-dae-chul
Meaning: Inventory Secured Loan (A loan secured using a company’s inventory as collateral)
Related Financial Terms
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Expression: 대출
Pronunciation: dae-chul
Meaning: Loan -
Expression: 담보
Pronunciation: dam-bo
Meaning: Collateral, Security -
Expression: 재고
Pronunciation: jae-go
Meaning: Inventory, Stock -
Expression: 기업 대출
Pronunciation: gi-eop dae-chul
Meaning: Business Loan, Corporate Loan -
Expression: 운전자금
Pronunciation: un-jeon-ja-geum
Meaning: Working Capital -
Expression: 대출 신청
Pronunciation: dae-chul sin-cheong
Meaning: Loan Application -
Expression: 대출 심사
Pronunciation: dae-chul sim-sa
Meaning: Loan Review, Loan Screening -
Expression: 이자율
Pronunciation: i-ja-yul
Meaning: Interest Rate -
Expression: 상환 기간
Pronunciation: sang-hwan gi-gan
Meaning: Repayment Period -
Expression: 담보 가치 평가
Pronunciation: dam-bo ga-chi pyeong-ga
Meaning: Collateral Valuation -
Expression: 신용 평가
Pronunciation: sin-yong pyeong-ga
Meaning: Credit Evaluation -
Expression: 대출 한도
Pronunciation: dae-chul han-do
Meaning: Loan Limit
Applying for the Loan
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Expression: 재고담보대출을 신청하고 싶습니다.
Pronunciation: jae-go-dam-bo-dae-chul-eul sin-cheong-ha-go sip-seum-ni-da.
Meaning: I would like to apply for an inventory secured loan. -
Expression: 필요한 서류가 무엇인가요?
Pronunciation: pil-yo-han seo-ryu-ga mu-eot-in-ga-yo?
Meaning: What documents are required? -
Expression: 재고 목록을 제출해야 합니다.
Pronunciation: jae-go mong-nok-eul je-chul-hae-ya ham-ni-da.
Meaning: You need to submit an inventory list. -
Expression: 사업자 등록증 사본이 필요합니다.
Pronunciation: sa-eop-ja deung-nok-jjeung sa-bon-i pil-yo-ham-ni-da.
Meaning: A copy of the business registration certificate is needed. -
Expression: 재무제표를 준비해 주세요.
Pronunciation: jae-mu-je-pyo-reul jun-bi-hae ju-se-yo.
Meaning: Please prepare the financial statements. -
Expression: 대출 상담을 받고 싶습니다.
Pronunciation: dae-chul sang-dam-eul bat-go sip-seum-ni-da.
Meaning: I would like to have a loan consultation. -
Expression: 신청 절차가 어떻게 되나요?
Pronunciation: sin-cheong jeol-cha-ga eo-tteo-ke doe-na-yo?
Meaning: What is the application procedure? -
Expression: 심사 기간은 얼마나 걸리나요?
Pronunciation: sim-sa gi-gan-eun eol-ma-na geol-li-na-yo?
Meaning: How long does the review period take? -
Expression: 온라인으로 신청할 수 있나요?
Pronunciation: on-la-in-eu-ro sin-cheong-hal su it-na-yo?
Meaning: Can I apply online? -
Expression: 은행 지점을 방문해야 하나요?
Pronunciation: eun-haeng ji-jeom-eul bang-mun-hae-ya ha-na-yo?
Meaning: Do I need to visit a bank branch?
Discussing Loan Conditions
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Expression: 이자율은 몇 퍼센트인가요?
Pronunciation: i-ja-yul-eun myeot peo-sen-teu-in-ga-yo?
Meaning: What is the interest rate (in percent)? -
Expression: 상환 기간은 어떻게 설정되나요?
Pronunciation: sang-hwan gi-gan-eun eo-tteo-ke seol-jeong-doe-na-yo?
Meaning: How is the repayment period set? -
Expression: 최대 대출 가능 금액은 얼마인가요?
Pronunciation: choe-dae dae-chul ga-neung geum-aek-eun eol-ma-in-ga-yo?
Meaning: What is the maximum loan amount possible? -
Expression: 재고 가치는 어떻게 평가되나요?
Pronunciation: jae-go ga-chi-neun eo-tteo-ke pyeong-ga-doe-na-yo?
Meaning: How is the inventory value assessed? -
Expression: 담보 비율은 어떻게 되나요?
Pronunciation: dam-bo bi-yul-eun eo-tteo-ke doe-na-yo?
Meaning: What is the collateral ratio (Loan-to-Value)? -
Expression: 중도 상환 수수료가 있나요?
Pronunciation: jung-do sang-hwan su-su-ryo-ga it-na-yo?
Meaning: Is there a prepayment penalty? -
Expression: 대출 약정서를 검토해 보겠습니다.
Pronunciation: dae-chul yak-jeong-seo-reul geom-to-hae bo-get-seum-ni-da.
Meaning: I will review the loan agreement. -
Expression: 변동 금리인가요, 고정 금리인가요?
Pronunciation: byeon-dong geum-ri-in-ga-yo, go-jeong geum-ri-in-ga-yo?
Meaning: Is it a variable interest rate or a fixed interest rate? -
Expression: 추가 담보가 필요할 수도 있나요?
Pronunciation: chu-ga dam-bo-ga pil-yo-hal su-do it-na-yo?
Meaning: Might additional collateral be required? -
Expression: 대출 조건에 대해 더 자세히 설명해 주시겠어요?
Pronunciation: dae-chul jo-geon-e dae-hae deo ja-se-hi seol-myeong-hae ju-si-get-eo-yo?
Meaning: Could you explain the loan conditions in more detail?
Korean Culture Notes
When seeking business loans like 재고담보대출 in Korea, understanding certain cultural aspects can be beneficial. Relationship banking (관계 금융 – gwan-gye geum-yung) is often important; maintaining a good, long-term relationship with a specific bank branch and manager can sometimes facilitate smoother loan processes.
Korean banks often place significant emphasis on collateral (담보 – dam-bo) and the borrower’s creditworthiness (신용도 – sin-yong-do). For inventory loans, the valuation process for the inventory (재고 가치 평가 – jae-go ga-chi pyeong-ga) can be quite rigorous, considering factors like marketability and depreciation.
Be prepared for detailed documentation requirements. Korean financial institutions are typically thorough in their due diligence (실사 – sil-sa). Providing comprehensive financial statements, business plans, and accurate inventory records is essential for a successful application.
Small and Medium Enterprises (SMEs) (중소기업 – jung-so-gi-eop) may find specific government-supported loan programs available through various banks. It’s worthwhile inquiring about these programs as they might offer more favorable terms.
Real Conversation Example
Situation: A small business owner (A) is meeting with a bank loan officer (B) to inquire about an inventory secured loan.
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Expression: A: 안녕하세요, 저희 회사 운전자금이 부족해서 재고담보대출에 대해 문의하려고 왔습니다.
Pronunciation: A: an-nyeong-ha-se-yo, jeo-hui hoe-sa un-jeon-ja-geum-i bu-jok-hae-seo jae-go-dam-bo-dae-chul-e dae-hae mun-ui-ha-ryeo-go wat-seum-ni-da.
Meaning: A: Hello, I’m here to inquire about an inventory secured loan because our company is short on working capital. -
Expression: B: 네, 어서 오십시오. 재고담보대출 상품에 대해 안내해 드리겠습니다. 어떤 종류의 재고를 보유하고 계신가요?
Pronunciation: B: ne, eo-seo o-sip-si-o. jae-go-dam-bo-dae-chul sang-pum-e dae-hae an-nae-hae deu-ri-get-seum-ni-da. eo-tteon jong-nyu-ui jae-go-reul bo-yu-ha-go gye-sin-ga-yo?
Meaning: B: Yes, welcome. I can guide you through our inventory secured loan products. What kind of inventory do you hold? -
Expression: A: 저희는 전자 부품 재고를 많이 가지고 있습니다. 대략적인 재고 가치는 2억 원 정도 됩니다.
Pronunciation: A: jeo-hui-neun jeon-ja bu-pum jae-go-reul ma-ni ga-ji-go it-seum-ni-da. dae-ryak-jeo-gin jae-go ga-chi-neun i-eok won jeong-do doem-ni-da.
Meaning: A: We have a lot of electronic component inventory. The approximate inventory value is about 200 million won. -
Expression: B: 알겠습니다. 전자 부품도 담보 대상이 될 수 있습니다. 정확한 대출 한도는 재고 실사와 신용 평가 후에 결정됩니다. 필요한 서류 목록을 드릴까요?
Pronunciation: B: al-get-seum-ni-da. jeon-ja bu-pum-do dam-bo dae-sang-i doel su it-seum-ni-da. jeong-hwak-han dae-chul han-do-neun jae-go sil-sa-wa sin-yong pyeong-ga hu-e gyeol-jeong-doem-ni-da. pil-yo-han seo-ryu mong-nok-eul deu-ril-kka-yo?
Meaning: B: Understood. Electronic components can also be eligible collateral. The exact loan limit will be determined after an inventory inspection and credit evaluation. Shall I give you the list of required documents? -
Expression: A: 네, 부탁드립니다. 그리고 대략적인 이자율과 상환 기간도 알 수 있을까요?
Pronunciation: A: ne, bu-tak-deu-rim-ni-da. geu-ri-go dae-ryak-jeo-gin i-ja-yul-gwa sang-hwan gi-gan-do al su it-eul-kka-yo?
Meaning: A: Yes, please. And could I also know the approximate interest rate and repayment period? -
Expression: B: 현재 기준으로 금리는 고객님의 신용 등급과 담보 가치에 따라 다르지만, 보통 연 4~6% 수준입니다. 상환 기간은 최대 5년까지 가능합니다. 자세한 내용은 상담을 통해 조율할 수 있습니다.
Pronunciation: B: hyeon-jae gi-jun-eu-ro geum-ri-neun go-gaek-nim-ui sin-yong deung-geup-gwa dam-bo ga-chi-e tta-ra da-reu-ji-man, bo-tong yeon sa-e-seo yuk-peu-ro su-jun-im-ni-da. sang-hwan gi-gan-eun choe-dae o-nyeon-kka-ji ga-neung-ham-ni-da. ja-se-han nae-yong-eun sang-dam-eul tong-hae jo-yul-hal su it-seum-ni-da.
Meaning: B: Based on current standards, the interest rate depends on the customer’s credit rating and collateral value, but it’s usually around 4-6% per annum. The repayment period can be up to 5 years. We can coordinate the specifics through consultation.
Practice Tips
Familiarizing yourself with financial terms like 재고담보대출 takes practice! Try creating flashcards with the terms and their meanings~ You can also practice the phrases by simulating a conversation with a bank representative or business partner. Reading Korean financial news articles or bank websites can expose you to how these terms are used in real contexts. Don’t be afraid to use them when the situation arises – practical application is key! 화이팅! (hwa-i-ting! – Good luck!)
