Difference between to lose and to lack in Korean

잃다·모자라다

to lose — 잃다to lose
To lose (잃다) means that something is gone and you cannot find it. You use it when you lose things like keys, money, or a bag. It can also be used for losing your way or losing a game.
How to say to lose

to lack — 모자라다to lack
모자라다 means there is less than you need. People use it for things like money, time, food, seats, and supplies. In everyday speech, it often means “not enough” or “short of something.”
How to say to lack

The difference

잃다 means you had something and then it was gone. 모자라다 means you do not have enough of something, like money or time.