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The first day of the first month, New Year's Day, or Seol, is one of the biggest holidays of the year. On this day, people traditionally dress their best, take off from work and gather with family to observe the ancestral ceremonies. A feast is spread and the younger members of the family make the New Year's bow to their elders. These youths then go around the neighborhood to offer New Year's greetings to their older relatives and acquaintances.
Sebae, bowing to parents and elders,
is an age-old New Year's custom.
  Many Korean families visit the ancestors'
tombs to pay their homage in Chuseok.
  Ganggangsuwollae, a traditional circle dance, performed u nder the full moon
to celebrate Chuseok
(the Harvest Moon Festival)
Another important date by the lunar calendar is Chuseok, or the Harvest Moon Festival, which falls on the 15th day of the eighth month, usually in September or October by the solar calendar. As this date marks the harvest time, it is celebrated as enthusiastically as New Year's Day.
There are a few other important days in the lunar year. The 15th of January is regarded as important since it is the first full moon of the year. People crack various kinds of nuts and set off firecrackers to exorcise harmful spirits, insects and animals. In the evening, a variety of traditional games are played under the moonlight. Tug of war, stone fights and mock fights with torches are a few examples of the games held between neighboring villages. These are staged by youths and middle-aged men before hundreds of spectators who come from far and near. These games are played to win, and tradition has it that the winning village will be blessed with bumper crops.
Source: www.Korea.net