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South Korea: Families struggle with harvest festival cost
BBC News ^ | 09/11/2013 | BBC

Posted on 09/11/2013 6:50:16 PM PDT by TexGrill

Around one in 10 families in South Korea are unable to afford traditional gifts for the country's forthcoming Chuseok (harvest festival) holiday, it has been reported.

A poll of more than 1,200 people found that 11.6% would not buy presents for the annual celebration, says one of the country's largest supermarkets.

Choi Choon-seok of South Korean hypermarket Lotte Mart expects "a noticeable trend toward inexpensive and practical presents" as households grapple with the continuing recession, says The Chosun Ilbo newspaper.

People buying presents are likely to spend an average of 196,000 won ($180; £115) on gifts of fruit and healthy food for others, but half of the people polled would like to receive gift vouchers in return.

It is traditional for South Koreans to celebrate the Chuseok holiday in the company of their families with a home-made meal, Songpyeon rice cakes, and ancestral rites.

(Excerpt) Read more at bbc.co.uk ...


TOPICS: Agriculture; Business/Economy; Food; Society
KEYWORDS: southkoreaeconomy
Global business tip
1 posted on 09/11/2013 6:50:16 PM PDT by TexGrill
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To: TexGrill

Didn’t someone just post a story about record levels of employment in South Korea? I guess it doesn’t matter if people don’t get paid a decent wage just so long as they have a job. Come to think of it that sounds like the Obama plan, lots of shitty low paying part time jobs, the key being lots of.


2 posted on 09/11/2013 7:21:12 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: TexGrill

Is this holiday somewhat analogous to Thanksgiving?


3 posted on 09/11/2013 7:27:31 PM PDT by miele man
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To: miele man

Even bigger than Thanksgiving, but similar idea. About as popular as Christmas in the West.


4 posted on 09/11/2013 7:47:16 PM PDT by TexGrill (Don't mess with Texas)
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To: TexGrill

Thank you. Very interesting.


5 posted on 09/11/2013 8:40:20 PM PDT by miele man
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To: miele man

No problem I want to tell the world more about the Asia-Pacific region. After Obomba and Hildabeast destroy the US economy, it’s time for Freepers to invest and possibly move to more profitable pastures.


6 posted on 09/11/2013 8:45:31 PM PDT by TexGrill (Don't mess with Texas)
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