The term "붉은 봉투" translates to "red envelope" in English and is a traditional gift in many East Asian cultures, particularly during celebrations like the Lunar New Year. These envelopes are typically filled with money and are given as a symbol of good luck and prosperity. The color red is significant, representing happiness and good fortune. In Korea, the practice of giving red envelopes is known as "세뱃돈" (sebae-don), where children receive money from their elders after performing a traditional bow during the New Year. Similarly, in China, red envelopes, or "红包" (hóngbāo), are exchanged among family and friends to wish each other well in the coming year.