Translation:closing ceremony and opening ceremony
閉: 닫을 폐; to close
幕: 장막 막; curtain,(figurative) Something that covers a fact or phenomenon to render it invisible.
式: 법 식; Hanja dict says that it means the same as 법(法) as in 방법(方法) which means method
開: 열 개; to open
幕: see above
式: see above
I agree. I think a small explanation is necessary to make these useful even for the average Korean learners though, by giving the Korean names of the characters (e.g. 敗 잃을 패) so that they can associate them with Korean readings more. Which is what I'm trying to achieve by replying to these comments with exactly that.