Children’s Day gifts now cost parents twice as much

South Korean parents expect to spend an average of 95,000 won ($64) on Children’s Day gifts this year, nearly double the amount from a decade ago, a survey showed Thursday. According to English education company Yoon’s English School, 96 percent of parents said they planned to give their children gifts for Children’s Day, which falls on May 5. The survey was conducted from April 16 to 21 among 622 parents with children in elementary school or younger. The expected spending was up 1.9 times from

By The Korea Herald