This is the 1165th most frequent Korean word.
설립
"Establishment" or "foundation."
The word '설립' in this sentence refers to the formal act of creating or starting an organization or institution, such as a company or association.
회사는 1995년에 설립되었습니다.
The company was established in 1995.
Here, '설립' signifies the initial phase or foundation period of the university.
그 대학은 설립 초기부터 혁신적인 교육 방식을 채택했습니다.
That university adopted innovative teaching methods from its establishment.
In this context, '설립' is used as part of '설립자,' meaning 'founder,' referring to the individual associated with the act of establishment.