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Is South Korea Cheap or Expensive?

Published in Relative Cost 2 mins read

South Korea's cost of living and travel expenses are relative and depend heavily on your spending habits and lifestyle. While it's possible to travel and live in South Korea on a budget, it's not universally considered "cheap."

Factors Affecting Cost:

  • Accommodation: Budget accommodations like hostels or cheap hotels in Seoul can be found for around $80 per night (Reddit r/koreatravel). However, costs increase significantly for higher-end hotels or apartments in major cities.
  • Transportation: South Korea boasts an affordable and extensive public transportation system, making it relatively inexpensive to get around.
  • Food: A wide range of dining options exists, from affordable street food to more expensive restaurants. Budgeting wisely allows for cost-effective eating.
  • Activities and Attractions: Many free or low-cost activities and attractions are available, offsetting the costs of pricier tourist destinations.
  • Comparison to Other Countries: Compared to other East Asian cities, South Korea can be considered relatively inexpensive (TripAdvisor). However, compared to some Southeast Asian nations, it is more expensive. For middle-class Indians, South Korea is generally seen as expensive (Quora). The cost is also higher compared to some Southern European countries (Quora).

Conclusion:

While South Korea offers budget-friendly options for travel and living, its overall cost is relative to individual spending and comparisons to other countries. Post-pandemic, prices have increased, making it slightly more expensive than before (Neverending Footsteps). For English teachers, housing can be a significant cost factor (Reddit r/teachinginkorea). The statement that it's cheap is also context-dependent; for example, housing, healthcare, and transportation offer good value. Ultimately, South Korea is not inherently cheap or expensive but presents a spectrum of costs based on individual choices.

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