Is South Korea Expensive? What a Trip to Seoul Actually Costs

More affordable than its reputation in some ways, pricier in others

South Korea sits in an awkward middle position — not as cheap as Southeast Asia, not as expensive as Japan. Seoul is modern and developed, which means certain things cost modern city prices. But the food culture is extraordinary and keeps daily costs lower than you’d expect for a city of this sophistication.

Food costs

Korean restaurant meals at local spots: ₩8,000–15,000 ($6–11) for a full meal with banchan (side dishes) included. This is genuinely good value for a G20 country capital. Korean BBQ with proper cuts: ₩20,000–50,000+ per person. Convenience store meals (GS25, 7-Eleven, CU): ₩3,000–6,000 for something filling. Coffee at a local café: ₩4,000–6,000.

Accommodation

Seoul accommodation is more expensive than Bangkok or Hanoi but reasonable for a major city. Budget guesthouses near Insadong or Hongdae: ₩40,000–70,000/night. Mid-range hotel: ₩80,000–150,000/night. Gangnam-area hotels: ₩150,000–300,000+/night.

Transport

Seoul’s subway is one of the best value urban transit systems in the world — ₩1,250–1,850 per journey. A T-Money card (transport IC card, ₩2,500) covers subway, bus, and taxis. Grab the card at any subway station on arrival.

Daily budget

Budget: ₩60,000–80,000/day ($45–60). Mid-range: ₩120,000–180,000/day. Comfortable: ₩250,000+/day. South Korea is excellent value for its level of development.