경매

gyeongmae
NounTOPIK 2 - Advanced

Definitions

auction; public sale
When there are many people trying to buy an item, sell it to the person who offers the highest price.
물건을 사려는 사람이 많을 때 가장 비싼 값을 부르는 사람에게 물건을 파는 일.

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Dictionary data from Korean Learners' Dictionary (한국어기초사전) by the National Institute of Korean Language, licensed under CC BY-SA.