Today we'll take a look at the verbs 있다 and 없다.
있다 (it-da) expresses the idea that something exists.
Conjugated into the present tense, it becomes 있어요.
있어요 can be used to mean:
-someone or something exists in a specific place
=I am here. It's over there. I am at school.
-talking about something in your possession
=I have a brother. He has a cat. I have a laptop.
물은 있어요 = There is water/Water exists/I have water.
시간 있어요? = Is there time?/Do you have time?
없다 (eop-da) expresses the opposite, the idea that something doesn't exist.
Conjugated into the present tense, it becomes 없어요.
시간이 없어요 = There is no time. / I don’t have time.
친구가 없어요 = I don't have friends.