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Trend News
Larger homes have increased more in price
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㎡).
Seoul Attractions
COEX: Seoul's Premier Hub for Business, Shopping, and Entertainment!
COEX (Convention and Exhibition Center), located in the Gangnam district of Seoul, South Korea, is a prominent multi-purpose complex known for its extensive facilities, including a convention center, shopping mall, aquarium, and various entertainment options. Here’s an introduction to COEX:Convention and Exhibition Center1. Event Hosting : COEX is one of Asia’s largest convention and exhibition centers, hosting numerous international conferences, trade shows, and exhibitions throughout the year. Its state-of-the-art facilities make it a premier destination for business events and conventions.2. Facilities : The center features multiple exhibition halls, conference rooms, and auditoriums equipped with modern amenities to accommodate a wide range of events. COEX Mall1. Shopping : COEX Mall is one of the largest underground shopping malls in Asia, offering a vast array of retail stores, from high-end brands to popular local shops. It is a shopper's paradise, catering to various tastes and preferences.2. Dining : The mall boasts an extensive selection of dining options, including international cuisine, traditional Korean food, and trendy cafés. Visitors can enjoy everything from fine dining to casual snacks. Entertainment and Attractions1. COEX Aquarium : One of the largest aquariums in South Korea, COEX Aquarium features over 40,000 sea creatures from around the world. It offers various themed exhibits and interactive experiences, making it a popular attraction for families and tourists.2. Megabox COEX : A large multiplex cinema within the complex, Megabox COEX screens the latest films and offers premium viewing experiences, including IMAX and 4D theaters. Cultural Highlights1. Starfield Library : Located in the heart of COEX Mall, the Starfield Library is a massive public library with towering bookshelves and a tranquil atmosphere. It serves as a cultural and educational hub, offering a wide selection of books and reading spaces.2. Bongeunsa Temple : Just a short walk from COEX, Bongeunsa Temple is a serene Buddhist temple that provides a peaceful retreat from the bustling city. It offers cultural experiences and insights into Korean spirituality and traditions. AccessibilityCOEX is conveniently located in the Gangnam district and is easily accessible by public transportation. The complex is connected to Samseong Station (Seoul Subway Line 2) and Bongeunsa Station (Seoul Subway Line 9), making it easy to reach from various parts of Seoul. It is also well-served by buses and taxis. Tips for Visiting- Plan Ahead : Given the size and variety of attractions at COEX, it’s advisable to plan your visit in advance to make the most of your time. Check event schedules and book tickets for popular attractions if necessary.- Explore Beyond Shopping : While the shopping mall is a major draw, make sure to explore other attractions like the aquarium, library, and nearby Bongeunsa Temple for a well-rounded experience.- Dining Options : With so many dining choices, it’s worth exploring different restaurants and cafés. Whether you’re looking for a quick bite or a leisurely meal, COEX has something to offer.COEX is a dynamic destination that combines business, shopping, culture, and entertainment, making it a must-visit spot in Seoul for both locals and tourists. Whether you're attending a conference, shopping, or exploring its many attractions, COEX offers a diverse and engaging experience.
Tasty Seoul
Bibimbap - Tasty Mixed Rice
Bibimbap is one of the most well-known and beloved dishes in Korean cuisine. The name "bibimbap" literally means "mixed rice" in Korean, which perfectly describes the essence of the dish. Here’s a detailed look at what makes bibimbap so special:Ingredients1. Rice: The base of bibimbap is steamed white rice.2. Vegetables: A variety of seasoned vegetables, known as namul, are typically used. Common vegetables include julienned cucumber, zucchini, carrot, mushrooms, spinach, and bean sprouts.3. Protein: Bibimbap often includes a protein component such as sliced beef (bulgogi), a fried egg, or sometimes tofu for a vegetarian version.4. Gochujang: This is a spicy and sweet red chili paste that is a key ingredient, giving bibimbap its distinctive flavor.5. Sesame Oil: A small amount of sesame oil is usually drizzled on top for added flavor.6. Garnishes: Other garnishes may include sesame seeds and nori (seaweed strips).Preparation1. Rice: Cook the rice until it's fluffy.2. Vegetables: Each vegetable is usually cooked and seasoned separately. They can be sautéed or blanched and then seasoned with salt, sesame oil, and sometimes garlic.3. Protein: The beef is typically marinated and then grilled or pan-fried. If using an egg, it is often fried sunny-side up.4. Assembly: The rice is placed in a bowl, and the vegetables and protein are artfully arranged on top. A dollop of gochujang is added, and everything is mixed together just before eating.Varieties- Dolsot Bibimbap: This version is served in a hot stone bowl that makes the rice at the bottom crispy.- Jeonju Bibimbap: Named after the city of Jeonju, which is famous for its version of bibimbap, it often includes more elaborate ingredients and a specific way of seasoning.Cultural SignificanceBibimbap is not only a nutritious and balanced meal but also holds cultural significance. It is often served during festive occasions and can be customized to include a wide variety of ingredients, reflecting the diversity and adaptability of Korean cuisine. How to EatTo eat bibimbap, you mix all the ingredients thoroughly so that the flavors blend together. The combination of textures and flavors from the vegetables, protein, gochujang, and sesame oil makes for a harmonious and delicious meal.Overall, bibimbap is celebrated for its healthiness, versatility, and the balance of flavors and textures, making it a staple in Korean dining both at home and in restaurants.