This is the 19103rd most frequent Korean word.
아이슬란드
"Iceland" (the name of the country).
In this sentence, '아이슬란드' refers to the geographical proper noun for the country Iceland, subject in the sentence.
아이슬란드는 북유럽에 위치한 나라입니다.
Iceland is a country located in Northern Europe.
Here, '아이슬란드' represents the direct object of the desire expressed in the sentence, specifically the country Iceland as a travel destination.
나는 아이슬란드를 방문하고 싶어요.
I want to visit Iceland.
In this usage, '아이슬란드의' indicates possession, referring to the famous hot springs belonging to or located in Iceland.