lunar new year Archives | Be Korea-savvy
TMON Predicts Reduced Spending on Lunar New Year Gifts Amid Economic Downturn

TMON Predicts Reduced Spending on Lunar New Year Gifts Amid Economic Downturn

SEOUL, Jan. 23 (Korea Bizwire) — As economic hardships deepen, TMON, a major online shopping platform, expects customers to significantly reduce their spending on Lunar New Year gifts this year. In a survey conducted from January 10 to 16 involving 500 customers, TMON found that 58% (multiple responses allowed) plan to purchase gifts from online channels [...]

Holiday Exodus Starts on Eve of 1st COVID-19 Restrictions-free Lunar New Year Holiday in 3 yrs

Holiday Exodus Starts on Eve of 1st COVID-19 Restrictions-free Lunar New Year Holiday in 3 yrs

SEOUL, Jan. 20 (Korea Bizwire) — South Koreans on Friday began heading to their hometowns for family reunions or taking trips on the eve of the Lunar New Year holiday, as the nation celebrates its first such holiday without social distancing restrictions since the outbreak of COVID-19 three years ago. This year’s extended Lunar New [...]