As a paradigm to recover unknown entries of a matrix from partial observations, low-rank matrix completion (LRMC) has generated a great deal of interest. Over the years, there have been lots of works on this topic but it might not be easy to grasp the essential knowledge from these studies. This is mainly because many of these works are highly theoretical or a proposal of new LRMC technique. In this paper, we give a contemporary survey on LRMC. In order to provide better view, insight, and understanding of potentials and limitations of LRMC, we present early scattered results in a structured and accessible way. Specifically, we classify the state-of-the-art LRMC techniques into two main categories and then explain each category in detail. We next discuss issues to be considered when one considers using LRMC techniques. These include intrinsic properties required for the matrix recovery and how to exploit a special structure in LRMC design. We also discuss the convolutional neural network (CNN) based LRMC algorithms exploiting the graph structure of a low-rank matrix. Further, we present the recovery performance and the computational complexity of the state-of-the-art LRMC techniques. Our hope is that this survey article will serve as a useful guide for practitioners and non-experts to catch the gist of LRMC.