Travel
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Great post and pictures were super helpful for those about to come to Korea!
BUDGET / SUMMARY OF EXPENSES
I was a bit surprised after our first trip to Seoul in 2015 because the city turned out to be less expensive than I thought. But that was probably because we ate street food most of the time and only visited a handful of restaurants. After this second trip in 2017, I realized that Seoul is more on par with a city like Osaka.
The unit of currency in Seoul is the Korean Won (KRW). Assuming you’ll be staying in Seoul for 6 full days and sharing inexpensive accommodations with one other person, then a daily budget of around KRW 65,000-70,000 per person should be good. This takes into account your accommodations, transportation, modest meals, and pocket wifi rental. Here’s a quick breakdown of expenses:
ACCOMMODATIONS
This is highly subjective. It depends on several factors like hotel preference and number of travel companions. On our most recent trip, we stayed at a guesthouse in Hongdae for around KRW 60,000 per night. This is the room rate for two people for a room with a private bathroom. Expect to pay less if you’re staying at a hostel.
MEALS
Again, this is subjective, but based on our experience, I’d say around KRW 30,000 a day per person. Inexpensive but filling dishes like gomtang or seolnongtang typically cost between KRW 10,000-15,000. Increase your budget if you plan on eating Korean BBQ.
POCKET WIFI RENTAL
If you’re sharing the cost with one other person, then you’ll each be paying KRW 1,450 per day.
TRANSPORTATION
If you have a T-money card and use the subway, then you’ll be paying at least KRW 1,250 per journey. Assuming you’ll be taking around three subway journeys per day, expect to spend about KRW 4,000 a day for transportation.
TOTAL
This comes out to around KRW 65,450 a day per person. Keep in mind that this baseline estimate doesn’t include tour costs, entrance fees, or shopping. Be sure to add the cost of any tours you want to do to this amount. Ren and I are middle of the road travelers who enjoy good food and drink, so the recommended budget is a good baseline for travelers like us. Adjust accordingly based on your own travel habits.