'있어' is the informal form of the verb '있다', meaning to exist, to be located, or to have/possess something.
Nuances
- Can express both existence and location
- Used only in informal contexts with close relations
- Indicates possession as 'I have ~'
- Formal speech uses '있습니다' instead
When to use
Talking with friends, Asking location of things, Expressing possession
In context
'있어' is used in informal speech as the predicate of a sentence, indicating existence, location, or possession depending on the subject.
