This is the 2540th most frequent Korean word.
민영화
Privatization.
In this sentence, '민영화' refers to the general process or concept of privatization, used to describe a government action or policy to enhance efficiency by transferring state-owned assets to private ownership.
정부는 민영화를 통해 효율성을 증가시키기로 결정했습니다.
The government decided to increase efficiency through privatization.
Here, '민영화' functions as an adjective-like descriptor in its past participle form '민영화된', indicating that the company has undergone privatization, emphasizing its current status as a privatized entity.
민영화된 기업은 이전보다 빠르게 성장하고 있습니다.
The privatized company is growing faster than before.
In this example, '민영화' is a noun representing the act or state of privatization, utilized to explain the cause or origin of ensuing policies.