Happy Lunar New Year, that is!
You may have heard it be called Chinese New Year, but it is also celebrated in Korea (although they are separate holidays and every once in a while, they don't line up accurately) and is actually one of the most important traditional Korean holidays.
Like the Chinese calendar, there are 12 animals to represent the 12 years within the cycles. This year is the year of the rat, Next year is the year of the ox. After that we get tiger, rabbit, dragon, snake, horse, sheep (in the Chinese calendar, the sheep is a goat), monkey, rooster, dog, and finally, pig.
This year, it fell from January 24 - January 26, with the new year taking place on January 25. The Korean New Year is a three day holiday and one that most will travel great distances to spend with the family.
Prayers are made to ancestors, either at home, the temple, or both. People will wear Hanboks. All kinds of wonderful foods are eaten.