Koreans will spend an average of 390,000 won ($340) extra in the month of May, a time fondly referred to as “Family month” due to its many state-designated holidays related to parents, children and teachers.

Job Korea and Albamon, two major online platforms that provide information for job seekers, combined forces to run a survey targeting 2,981 people. 

According to the survey results, the most financially burdensome day in May was Parents’ Day on May 8, followed distantly by Teachers’ Day on May 15. The two days respectively scored 78 percent and 11 percent. 

Among the respondents, those who held jobs expected they would spend an average 390,000 won extra on gifts and dinners, while university students expected to spend an average of 166,000 won extra.

Within the working group, the scale of expenditures differed according to the survey-taker‘s marital status. Those who were single said they would spend around 119,000 won, while those who were married expected to spend 377,000 won extra.

By Lim Jeong-yeo (kaylalim@heraldcorp.com)