설화, or "folktale," refers to traditional stories passed down through generations in Korean culture. These narratives often feature mythical creatures, moral lessons, and cultural values, reflecting the beliefs and experiences of the people. Typically, 설화 includes elements like gods, heroes, and supernatural events, making them engaging for audiences of all ages. They serve not only as entertainment but also as a means to preserve history and teach important life lessons, contributing to the rich tapestry of Korean folklore.