In Korean it means,
1. room;space;time (to spare);a margin;a margin;allowances;play;clearance;ease;scope
2. composure;placidity;calmness;presence of mind
Here, it means the first one, but when I saw this post it came to me as the second one. I was really having hard time with my school project and desperately needed some time to spare for myself.
Now I got two-month vacation from school, which makes me able to post this photo right now with composure in my mind...
(Since I'm not native English speaker, I happily accept any type of correction in my writing. :D