Known as Seollal, Korean New Year is the first day of the lunar Korean calendar. It is the most important of the traditional Korean holidays. It consists of a period of celebrations, starting on New Year's Eve. The Korean New Year holidays last three days. It is customary and may be required under collective bargaining agreements for South Korean businesses to close for the lunar new year. During the New Year festivities it is common for adults to wear the colourful traditional costume, the Hanbok.Traditional women's hanbok consists of a blouse shirt or a jacket and chima, a wrap-around skirt, which is usually worn full.
Men's hanbok consists of a shirt and baji which means pants in Korea. Celebrations on New Year's Eve in Korea are similar to the western traditions such as parties and fireworks to welcome in the new year. A recent tradition is the ringing of the historic Boshingak Bell. The bell was originally constructed in 1396 and is now only rung on Lunar New Year.