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Real Reality
Joined: 10 Jan 2003
Location: Seoul
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 Posted: Tue Jul 21, 2009 5:21 pm Post subject: Gift Money Soaring |
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Average Gift Money Soaring to W50,000
By Yoon Ja-young, Korea Times (July 21, 2009)
http://www.koreatimes.co.kr/www/news/biz/2009/07/123_48827.html
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According to a survey of 993 salaried workers by Incruit, a job market information provider, 70.7 percent of respondents said they put an average of 50,000 won into envelope as a gift or condolence money each time they go to a wedding, a baby's first birthday, or a funeral.
Unlike in other countries, Korea has a unique culture of giving "an envelope of cash" instead of other gift items to congratulate or console at joyful or sorrowful events, giving financial support to each other....
The average was 30,000 won a few years ago,...
The respondents said they were spending an average of 5.9 percent of their monthly salaries on gift money. It means a worker who makes 3 million won a month spends around 180,000 won in cash for such events.... |
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Kenny Kimchee
Joined: 12 May 2003
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| Posted: Tue Jul 21, 2009 5:30 pm Post subject: Re: Gift Money Soaring |
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| Real Reality wrote: |
The respondents said they were spending an average of 5.9 percent of their monthly salaries on gift money. It means a worker who makes 3 million won a month spends around 180,000 won in cash for such events.... |
[/quote]
Really? Folks are going to more than three weddings a month? Exaggerating much?
Then again, maybe so. Considering the divorce rate is now over 42% (compared to negligible numbers twenty years ago), people are paying 40% more often! |
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redaxe
Joined: 01 Dec 2008
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| Posted: Tue Jul 21, 2009 5:31 pm Post subject: Re: Gift Money Soaring |
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| Real Reality wrote: |
Unlike in other countries, Korea has a unique culture of giving "an envelope of cash" instead of other gift items to congratulate or console at joyful or sorrowful events, giving financial support to each other....
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Uhm, China? |
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