||Choi, Youngju & Kim, Eunjin. (2016). Finding Out Metonymic Meaning Extensions of Neologisms michin and phokphwung Based on Their Collocational Environment. The Linguistic Association of Korea Journal, 24(4), 261-280. This paper explores various meanings of the words michin and phokphwung, based on their collocational environment. Michin, whose original meaning is insane, recently achieves the positive meaning, excellent. The new meaning is actively used with various types of collocates. The active use of the positive meaning is the result of the A CONCEPT FOR ITS OPPOSITE metonymy. Similarly, phokphwung, whose original meaning is a big storm, also achieves a new meaning, 'very big' or 'of great amount' changing its categorical status to an adjective. The meaning change occurs through the metonymy A CATEGORY FOR ITS PROPERTY. The property of a big storm, very big and strong, is referred to by the big storm itself. Close examination of their nominal collocates reveals that they extend their meanings further, exploiting other types of metonymies. It also reveals that they happen to merge their meanings to excellent with nominals describing ones appearance, singing and acting ability, and so on. The differences and similarities of the meanings of michin and phokphwung are supported by the results of the questionnaire which is designed to find out how the two words are distinguished in given contexts.