Cash Most Popular Parents' Day Gift | Be Korea-savvy

Cash Most Popular Parents’ Day Gift


Carnations are on sale at a flower market in southern Seoul. By tradition, children give carnations to their parents to show their appreciation, raising the price of the flower around this time of year.  (Yonhap)

Carnations are on sale at a flower market in southern Seoul. By tradition, children give carnations to their parents to show their appreciation, raising the price of the flower around this time of year. (Yonhap)

SEOUL, May 4 (Korea Bizwire)‘Cash’ was the most wanted gift both to receive and give on Parents’ Day (May 8), a survey showed Monday.

TMON Inc., a major e-commerce operator, conducted a survey of 700 customers, 60 percent of whom picked hard cash as the most desirable gift on Parents’ Day, while another 64 percent also wanted to give cash as a gift.

Gift-giving preferences differed by age groups. While more than 60 percent of those in their 30s to 50s wanted to give cash as a gift, more than 60 percent of those in their teens and 20s chose health supplements or other non-cash goods as gifts.

Students at Dongsan High School in Daejeon, 164 km south of Seoul, wash the feet of their parents during an event to mark Parents' Day on May 8, 2019. (Yonhap)

Students at Dongsan High School in Daejeon, 164 km south of Seoul, wash the feet of their parents during an event to mark Parents’ Day on May 8, 2019. (Yonhap)

Half of the respondents were willing to spend between 100,000-200,000 won (US$89-178) to buy gifts for their parents.

At 70 percent, more than two thirds of the respondents said they wanted to buy their gifts at an online shopping mall, while 78 percent said they would deliver the gifts themselves, without resorting to delivery or other services.

Image Credit: Yonhap / photonews@koreabizwire.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>