Social Affairs
Average cash gift at weddings hits 90,000 won
Nov. 6, 2024
The average cash gift for weddings in South Korea has reached 90,000 won ($65), marking an increase of around 20 percent over the past three years, according to data released by Kakao Pay on Monday. Based on transaction data as of September, Kakao Pay, the online payment service of Korean tech giant Kakao Corp., found that the average wedding gift money has increased 23 percent from 73,000 won in 2021 to 90,000 won in September. The amount has steadily risen in between, from 80,000 won in 2022