Why Were 'Jungsuyik Products' and 'Chief Product Officer' Included in the Public Participation Dictionary?

Registered as Chief Product Officer for Mid-Yield Products in UrimalSaem
National Institute of Korean Language Interprets Meaning as Frequently Used

[Asia Economy Reporter Jang Sehee] Economic terms are increasingly appearing in ‘Urilmalsam,’ a Korean language dictionary created with direct participation from the public. This is interpreted as a reflection of recent risks related to asset price adjustments.

On the 21st, economic terms such as ‘jung-su-ik sangpum’ (medium-yield product), ‘bonus su-ik’ (bonus income), and ‘choego sangpum (ttoneun jepum) chaegimja’ (Chief Product Officer) were registered in Urilmalsam. ‘Jung-su-ik sangpum’ refers to products with moderate returns, while ‘bonus su-ik’ means additional profits earned beyond regular income. ‘Choego sangpum chaegimja’ refers to the person responsible for overseeing all aspects of products or goods in a company, similar to a CEO or COO, officially known as CPO (Chief Product Officer). These terms reflect investors’ mindset who prefer moderate returns with minimal risk even if problems arise. Other terms such as ‘chadeun jigup’ (differential payment), ‘peuroseseu gan yeonrak’ (inter-process communication), and ‘jeongbo bidaechaeg iron’ (information asymmetry theory) have also been added to Urilmalsam.

Urilmalsam is a dictionary launched by the National Institute of the Korean Language in 2016, allowing anyone to freely input and use information. A representative from the National Institute of the Korean Language stated, "Since Urilmalsam is an open dictionary, ordinary citizens directly suggest words they are using," adding, "It also shows what is currently widely used."

Experts analyze that recent changes in investment trends have led to changes in related terminology. Yoon Yeosam, a researcher at Meritz Securities, said, "Since the third quarter of last year, domestic and overseas stock markets and the coin market have declined, leading to a priority on risk management," and added, "With recent inflation and monetary policy effects causing interest rates to rise, there is growing interest in public enterprise bonds with some credit risk rather than low-yield products." Kim Taegi, a professor of economics at Dankook University, said, "This reflects a partial shift away from high-risk, high-return trends," and emphasized, "When using words registered in a public participation dictionary, it is necessary to clearly define them to avoid confusion with previous terms."

However, terms related to misogyny, regional or racial issues are restricted from registration. A representative from the National Institute of the Korean Language said, "Political agitation and hateful expressions are not allowed to be registered," and added, "Discriminatory remarks against sexual minorities and promotion of specific products such as ‘ㅇㅇkare’ are also blocked."

This content was produced with the assistance of AI translation services.