The rise in Seoul apartment prices has slowed due to the government’s tightened loan regulations. While transaction volumes have decreased and unsold listings are accumulating, large-sized apartments in Seoul are still setting record-high prices. Experts predict that demand from wealthy individuals, driven by the relative scarcity of large apartments, will further increase their popularity.According to the Monthly KB Housing Price Trends report by KB Real Estate on the 24th, the average sale price of large apartments in Seoul with a dedicated area exceeding 135㎡ was reported at 3.04661 billion KRW last month. This represents a 6% (172.13 million KRW) increase from October last year (2.87448 billion KRW). For the first time since KB began compiling this data in 2016, the average price has exceeded 3 billion KRW. The upward trend has continued for 16 consecutive months since June last year.This trend is also evident in the monthly apartment sale price index by area. Last month, the sale price index for large apartments in Seoul was 105.49, the highest since the statistics began in 2016. Compared to October of last year (100.84), it increased by 4.62%. In comparison, the price increases for other apartment categories during the same period were more moderate: 2.1% for medium-large apartments (102㎡ to 135㎡), 3% for medium apartments (85㎡ to 102㎡), 2.52% for small-medium apartments (60㎡ to 85㎡), and 1.4% for small apartments (under 60㎡).                                                   

Namdaemun, meaning "Great South Gate," is one of Seoul’s most significant historical and commercial districts. Known for its traditional market and the iconic Sungnyemun Gate, Namdaemun offers a unique blend of heritage, shopping, and local culture. Key Attractions1. Namdaemun Market   - Description : Established in 1964, Namdaemun Market is the largest traditional market in South Korea. It features a labyrinth of alleys filled with stalls and shops selling a wide range of goods, including clothing, accessories, household items, and food.   - Diverse Offerings : The market is famous for its variety of products, from cheap knock-offs to authentic traditional items like hanbok (Korean traditional clothing) and handicrafts.2. Sungnyemun (Namdaemun Gate)   - Historical Significance: Also known as Namdaemun Gate, Sungnyemun is one of the Eight Gates of the Fortress Wall of Seoul, which surrounded the city in the Joseon Dynasty. It was originally built in the 14th century and has been designated as National Treasure No. 1.   - Restoration : The gate suffered significant damage during a fire in 2008 but has since been restored to its former glory. It stands as a symbol of Seoul’s resilience and historical heritage. Shopping and Dining1. Traditional Goods and Souvenirs   - Handicrafts and Textiles : Namdaemun Market is an excellent place to buy traditional Korean handicrafts, textiles, and souvenirs. Items like handmade jewelry, pottery, and wooden crafts are popular among tourists.   - Clothing and Accessories : The market offers a wide variety of fashion items, from budget-friendly clothing to accessories. Many stalls specialize in children’s clothing and accessories, making it a go-to spot for family shopping.2. Food and Snacks   - Street Food : Namdaemun Market is renowned for its food alleys, where visitors can enjoy a variety of Korean street food. Popular items include kalguksu (knife-cut noodles), bindaetteok (mung bean pancakes), and tteokbokki (spicy rice cakes).   - Local Restaurants : The market also hosts numerous small restaurants and food stalls offering traditional Korean dishes. The vibrant food scene is a major draw for both locals and tourists looking to experience authentic Korean cuisine. Cultural and Nightlife1. Cultural Experience   - Historic Tours : Visitors can take guided tours of the Namdaemun area to learn about its historical significance and the role it has played in Seoul’s development. The tours often include visits to nearby cultural sites and historical landmarks.2. Night Market   - Evening Shopping : Namdaemun Market remains active into the evening, with many vendors staying open late to cater to night shoppers. The night market atmosphere is lively, offering a different experience compared to the daytime. AccessibilityNamdaemun is centrally located and easily accessible by public transportation. Key subway stations include:- Hoehyeon Station (Line 4) : This station is closest to Namdaemun Market and provides direct access to the market area.- Seoul Station (Lines 1 and 4) : Just a short walk from Namdaemun, Seoul Station is a major transportation hub connecting various parts of the city and the country. Tips for Visiting- Best Time to Visit : While the market is bustling throughout the day, mornings and late afternoons are ideal for shopping when the vendors are fully set up.- Bargaining : Haggling is common in Namdaemun Market, so don’t hesitate to negotiate prices with vendors.- Explore Side Alleys : The market’s charm lies in its narrow alleys and hidden corners, where unique and unexpected finds await.Namdaemun offers a rich and immersive experience that captures the essence of traditional Korean market life amidst the backdrop of modern Seoul. Whether you're shopping for unique items, tasting local delicacies, or exploring historical sites, Namdaemun provides a vibrant and authentic Korean experience.

 In the bustling heart of Seoul, where history meets modernity, lies Gwanghwamun, an area rich with cultural landmarks and gourmet delights. Among these culinary treasures is "Gwanghwamun Gukbap," located near Exit 6 of Gwanghwamun Station at 53 Sejong-daero 21-gil, Jung-gu, Seoul. This restaurant is not only beloved by locals for its warm ambiance and rich flavors but has also been recognized in the 2022 Michelin Guide Seoul. Operated by the renowned Chef Park Chan-il, who appeared on the popular Korean culinary show "Wednesday Food Talk" (수요미식회), Gwanghwamun Gukbap offers a true taste of Korean tradition.  A Warm Bowl of Happiness Upon entering Gwanghwamun Gukbap, you’re greeted with a cozy and inviting atmosphere. The simple yet homely interior makes you feel as if you've stepped into an old friend's home. The menu features a variety of gukbap (rice soup) options, including beef, pork, and sundae (Korean sausage) gukbap. Each dish is filled with carefully brewed broth and hearty ingredients, reflecting Chef Park Chan-il’s dedication to authentic flavors and quality.  Recommended Dish: Beef Gukbap One of the standout dishes is the beef gukbap. The tender beef and rich broth offer a true taste of traditional Korean cuisine. The freshness of the meat and the depth of flavor in the soup make it a comforting meal that leaves you feeling warm and satisfied. Chef Park’s expertise ensures that each bowl is a perfect blend of ingredients, delivering a memorable culinary experience.  Special Lunch Set Gwanghwamun Gukbap is also known for its special lunch set, available only during lunchtime. The set includes a selection of side dishes prepared daily with fresh ingredients. The kimchi and radish kimchi, in particular, complement the flavors of the gukbap perfectly. This affordable and hearty meal option is especially popular among office workers.  Michelin Recognition and Culinary Expertise Being featured in the 2022 Michelin Guide Seoul is a testament to the restaurant's quality and culinary excellence. Chef Park Chan-il’s passion for Korean cuisine shines through in every dish, drawing both locals and tourists alike. His appearance on "Wednesday Food Talk" further highlights his reputation as a culinary expert and innovator.  Convenient Location and Friendly Service Located near Exit 6 of Gwanghwamun Station, Gwanghwamun Gukbap is easily accessible for both residents and visitors exploring the area. The staff greets customers with warm smiles and pays close attention to their needs, making even first-time visitors feel at ease and welcome.  Conclusion Gwanghwamun Gukbap offers a unique escape from Seoul’s bustling daily life, providing warmth and comfort through its delicious food. If you're looking to experience authentic Korean flavors, this Michelin-recognized restaurant is a must-visit destination. The combination of tasty food, a relaxed atmosphere, and attentive service will leave you with an unforgettable experience.