How Much Does It Cost To Backpack In Korea?

by | Last updated on January 24, 2024

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The cost of travel in South Korea is somewhere in the middle. It’s definitely cheaper than North America and Western Europe, but more costly than backpacking in Southeast Asia. While it’s possible to get by on a daily budget of around $30-35, you’ll be more comfortable if you can allot

$45-50 a day

.

How much should I budget for Seoul?

The average price of a 7-day trip to Seoul is

$1,705 for a solo traveler, $3,062 for a couple, and $5,741 for a family of 4

. Seoul hotels range from $47 to $201 per night with an average of $58, while most vacation rentals will cost $130 to $340 per night for the entire home.

How much money do you need for a week in Korea?

For those on a mid range budget,

120 000 krw

should be enough and for those on a luxury budget, a minimum of 200 000 krw should be ok. It is recommended to bring at least around 200$ in cash. You can use this in places that don’t accept cash or in emergencies.

Is South Korea cheap to travel?

Is South Korea expensive? Seoul is a relatively pricy destination, particularly for accommodation. But just like most other countries,

most of South Korea is affordable compared to its capital

.

Is it cheap to travel to Korea?

Generally, you should expect to spend

between $50-150 per person, per day

to travel in South Korea, depending on how many people are in your group and what you consider to be an acceptable level of comfort. (You can, of course, travel a bit more cheaply and significantly more expensively than this!)

Is Seoul expensive?

The average cost of living in Seoul for one person is 1,600,000 won ($1411), with around 743,000 won ($657) of it falls under the Rent & Utility category.

Seoul is included in the top 30% of the most expensive cities in the world

, ranked 2788th out of 9294 on Livingcost.

How long should I spend in South Korea?

How many days in Korea is enough? As a general rule, I like spending

between 10 days and two weeks

in South Korea. This allows you a few days each in Seoul and Busan, which you can use as bookends for destinations such as Seoraksan, Geongju and Jeju, which you can visit in-between Korea’s large cities.

Do I need to quarantine in Korea?

All travelers to Korea must provide proof of a negative COVID-19 PCR test taken within 48 hours of their departure.

There is a mandatory 7-day quarantine upon entry for travelers who are unvaccinated or who do not register their vaccination status prior to entering Korea

.

What is Korea’s currency called?

South Korean won

Is Korea cheaper than India?

South Korea is

4.5 times more expensive than India

.

Is Seoul safe?


Seoul is a very safe city to visit

. Its crime rates are much lower than in the US cities and on par with most European ones. This mostly means that, for tourists and anyone else, it is perfectly safe to walk around at night. Violent crime is also rare.

Is Korea expensive to live?

There’s no denying that

South Korea is an expensive country

. Indeed, the capital Seoul frequently ranks as one of the world’s most expensive cities to live in. In 2021, Seoul has ranked 11th out of 209 cities in the Mercer Cost of Living Survey.

How much is rent in South Korea?

Minimum monthly house rent in South Korea is around 300,000 KRW (250 USD) for a small officetel studio (5–8 pyeong). On average, however, expect to pay about

500,000 KRW (425 USD) per month

for this type of accommodation in big cities.

How far does the US dollar go in South Korea?

South Korea travel costs can vary significantly, from budget food and accommodation options to top-end hotels and restaurants. The local currency, the South Korean won (₩) is worth around US$0.0008, which means that

for each US dollar, a visitor can obtain around ₩1200

.

Is South Korea friendly to foreigners?


South Koreans are more open and tolerant toward foreigners and immigrants living in South Korea than previously believed

. They are, however, defensive and protectionist toward foreign capital and culture that compete with South Korean capital and culture.

Is South Korea safe for female Travellers?


Korea is a relatively safe country for women travellers

, and Koreans are generally friendly and helpful to visitors. Local attitude towards women is respectful so you will not be bothered in general.

Is South Korea safe for foreigners?


South Korea is a very safe country to visit

. Its crime rates are much lower than in the US and on par with most European countries, Japan, Singapore, and Hong Kong. This mostly means that, for tourists and anyone else, it is perfectly safe to walk around at night, even in the larger cities. Violent crime is also rare.

Is South Korea pretty?

Internationally known for rapid, modern technological advances and urbanization,

South Korea preserves a large amount of tradition as well as natural beauty

. As a result, it is a country full of spectacular sights of both industrialized, urban cities as well as cultural, suburban and rural areas.

Is Korea cheaper than America?

South Korea is

2.5% cheaper

than United States.

Is Seoul worth visiting?

While Seoul is arguably the most thrilling city in South Korea,

it’s not the only large city that’s worth a visit

. Despite its small size, South Korea has plenty of exciting cities from north to south.

Is 1 million won a lot in Korea?

In Seoul, if you’re not prepared to put down a sizable jeonse deposit,

you should budget around 1 million won per month for a studio or one-bedroom apartment in a convenient location, and twice that for a place capable of housing a family.

Is it hard to live in Korea as a foreigner?

While the South Korean housing market is competitive,

expats will not have too hard of a time finding a place to live

. On the contrary, foreigners can easily find housing in Korea within their first month (or even their first week) of arrival.

Is Seoul more expensive than New York?

Cost of living in Seoul (South Korea) is

46% cheaper

than in New York City (United States)

How many days in Seoul is enough?


3 days

( 72 hours in Seoul) is a good amount of time to visit the highlights of the city. 4 to 7 days will give you the time to go hiking, to visit more of the beaten path attractions or to take a few day trips from Seoul.

What is the cheapest time of year to fly to South Korea?

Top tips for finding cheap flights to South Korea

High season is considered to be June and July. The cheapest month to fly to South Korea is

April

.

How many days in Busan is enough?

Because Busan is so large and spread out, it only makes sense to cover one part of the city per day. The south of Busan has the highest concentration of sights, so it deserves

two full days

(days 1 and 2 below).

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.