How much is the congratulatory fee? 50,000 won for the envelope alone, 100,000 won for attendance… Over 40s: “As much as you get”

by times news cr

2024-04-17 07:15:07

Shinhan Bank ‘Ordinary People’s Financial Life Report’

It was found that the average person in Korea pays 50,000 won as a gift if they do not attend the wedding and only deliver an envelope, and if they attend the wedding in person, they pay 100,000 won as a congratulatory gift. By age group, a high proportion of people in their 40s or older responded that they would pay the amount received.

According to the ‘Ordinary Person’s Financial Life Report’ released by Shinhan Bank on the 17th, the majority of people (52.8%) said that they would pay 50,000 won if they did not go to an acquaintance’s wedding but just gave an envelope. 36.7% of people answered that they would pay 100,000 won, and the average congratulatory gift for sending only an envelope was 80,000 won.

When attending a wedding in person, the majority (67.4%) said they would pay 100,000 won. This was followed by 50,000 won at 16.9%, 200,000 won at 8.6%, and 150,000 won at 1.5%. The average gift for attending a wedding was 110,000 won.

The number of respondents who said they would pay more than 150,000 won if the wedding was held at a hotel increased. The majority of people (57.2%) answered that they would pay 100,000 won for a hotel wedding, but 9.0% paid 150,000 won and 15.6% paid 200,000 won, accounting for 24% of the total.

Both those in their 20s and 30s and those in their 40s and older responded that the amount of wedding favors is decided by considering ‘social relationships.’

However, depending on how the wedding invitation was received among those in their 20s and 30s, the proportion of those in their 40s and older, many of whom are married, responded that they would pay the amount they received was relatively high.

The criteria for determining the amount of wedding favors for those in their 20s and 30s were social relationships (28.9%), followed by the amount I received (22.4%), my spending power (12.3%), and the method of receiving wedding invitations (11.7%).

For those in their 40s or older, social relationships were 32.7%, the amount I received was 31.1%, my spending power was 12.1%, and the method of receiving the wedding invitation was 8.7%.

Differences by age group were noticeable in perceptions of attending congratulations and condolences.

People in their 20s and 30s placed significance on attendance itself rather than on the amount of money given as a congratulatory or condolence event. People in their 40s and older thought that if they were paying a small amount, it would be better to just pay an envelope rather than attend.

All age groups responded that they would attend in person if they saw each other frequently, such as a close friend or an employee in the same department at work. There was a difference in the degree of care given based on ‘friendship’.

The average attendance of congratulations and condolences within the past year was 4.1 times, with those in their 20s at 2.2 times, those in their 30s at 3.1 times, those in their 40s at 3.6 times, and those in their 50s and 60s at 5.8 times. The older the age, the higher the number of attendances.

Reporter Kim Jeong-hyun photo provided by Shinhan Bank

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2024-04-17 07:15:07

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