韆

A phono-semantic compound composed of:

革 — semantic component meaning “leather” (referring to straps or materials used in swings);

遷 — phonetic component indicating the sound (천 / qiān). The character describes an object that moves back and forth, like a swing.
Semantic development: - object that moves back and forth; - swing used for play or recreation.

韆 is almost always used together with 鞦 to form 鞦韆 (추천), meaning “swing.”

추천 (鞦韆) — swing

The character reflects traditional cultural activities, such as swinging during festivals.
Related characters: 鞦 — swing (paired character in 鞦韆) 遷 — to move; to shift

革 — leather