… in Asia, including South Korea and Singapore. People in East Asia will celebrate when the New Year arrives, relax with their families, and face the new year with a rejuvenated spirit. The Lunar New Year celebration is one of the largest and most attended festivals in East Asia each … many similar traditions, many Asian countries celebrate the Lunar New Year differently. The Chinese decorate the house with as many red items as possible because red is considered a festive and auspicious color. The Vietnamese tend to decorate …