The Taiwan Lantern Festival is an annual event celebrated on the 15th day of the first lunar month. The event showcases thousands of colorful illuminated paper lanterns and intricate lantern displays, with visitors releasing sky lanterns into the night sky. The festival also features traditional performances, parades, and fireworks. Held throughout the country, the Pingxi Sky Lantern Festival and Yanshui Beehive Fireworks Festival are particularly famous.