Obseoyo (없어요) means "I don't have" or "There isn't".

The expression 있어요 [i-sseo-yo] can mean both “have” and “exist” and the opposite expression, 없어요 [eop-seo-yo] can mean both “don’t have” and “don’t exist.” 여기 뭐가 있어요? : What do you have here? : What’s here? 아이스크림이 있어요 : i have icecream 시간 없어요. [si-gan eop-sseo-yo] = There is no time. / I don’t have time. 친구 없어요 [chin-gu eop-sseo-yo] = I don’t have friends