Lunar New Year money (Sebaetdon) has been passed down since the Joseon Dynasty, evolving from gifts in kind to monetary gifts. Generally, appropriate amounts are considered to be 10,000 to 50,000 won for kindergarteners and elementary school students, 50,000 to 100,000 won for middle and high school students, and around 100,000 won for university students. While Sebaetdon is typically given to minors, many believe university students deserve to receive it considering their financial independence is still difficult. What matters most in giving Sebaetdon is conveying sincere feelings rather than the amount.
