Premise: Memorial Day is a federal holiday in the United States for remembering the people who died while serving in the country 's armed forces . The holiday , which is currently observed every year on the last Monday of May , was held on May 30 from 1868-1971 . Memorial Day is not to be confused with Veterans Day ; Memorial Day is a day of remembering the men and women who died while serving , while Veterans Day celebrates the service of all U.S. military veterans . The South Korean ( officially the Republic of Korea ) Memorial Day ( [ 현충일 , translit = Hyeonchung-il ] ) is held every June 6 to commemorate the men and women who died while in military service during the Korean War and other significant wars or battles .
Hypothesis: Memorial Day is an observed day.
Label: ENTAILMENT