-(으)ㄹ망정 means "may well... but" - conceding one point while asserting another.
Concession - 못할망정 방해는 하지 마 (even if you cant do it, dont interfere)
Accepting lesser - This much is ok, but not that
Setting limits - Tolerating X but not Y
See examples below for varied real-world usage.
Often paired with negative in second clause
Literary/formal tone
Even though I have no money, I dont lie.
Even though it is physically exhausting, I am truly happy at heart.
I would rather starve to death than steal someone else's property.
Even though his face might be ugly, his personality is very good.
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