Despite the economic depression, a majority of Korean companies plan to increase bonuses for the upcoming Chuseok, or Korean thanksgiving.

According to a survey of 373 Korean companies conducted by the Korea Employer Federation, there will be a slight increase of 3 percent in bonuses and 0.5 days in allowed holidays for this year’s Chuseok, which falls on Sept. 15.

Many Korean companies give cash bonuses or gifts to their employees on Chuseok, which is one of the two biggest traditional holidays in Korea along with the Lunar New Year.

Some 70 percent of Korean companies plan to provide an average of slightly more than 1 million won ($902) of bonus. Employees will also be allowed an average of 4.5 days of holidays.

Big companies with 300 or more employees will provide on average 1.2 million won of bonus and 4.7 days of holidays. Small and medium-sized companies will give 994,000 won of bonus and 4.3 days of holidays.