Local custom of giving monetary gifts in envelopes in various colours.
Red symbolizes luck. White gloomy. Green paradise.
For the chinese, red envelopes are handed out during Chinese New Year, and for weddings and birthdays.
Cash money is given when the occasion is sad, like funerals, when a gift of money is given to help with the funeral costs. This is called 'Pei Kim' or white gold.
South Korea practice of giving money in white packet during new year and wedding is in deep contrast to the tradition of the chinese.
Money in green packets are given out during wedding and new year by the Malay Muslims in Malaysia, Brunei, Singapore, Indonesia.
This was adapted from the Chinese custom of giving red packets.
The reason behind the green colour is simply its association with the Islamic paradise.
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