This is the 35th most frequent Korean word.
현재
"현재" means "present" or "current."
'현재' is used adjectivally to specify the 'condition' in this context.
그는 현재 상태에 만족하고 있습니다.
He is satisfied with his current condition.
Here, '현재' is used as an adverb to indicate the present time.
현재는 우리가 함께 일하고 있습니다.
Currently, we are working together.
In this sentence, '현재' acts as a noun to describe 'situation'.