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㎡).                                                   

Myeong-dong is a vibrant and bustling shopping district located in the heart of Seoul, South Korea. Known for its energetic atmosphere, it is a major tourist destination and a paradise for shoppers and food enthusiasts. Here’s a detailed introduction to Myeong-dong:Shopping1. Fashion and Beauty : Myeong-dong is renowned for its wide array of fashion and beauty stores. International brands, local boutiques, and renowned Korean skincare and cosmetics shops like Nature Republic, Etude House, and Innisfree line the streets, offering the latest trends and products.2. Street Markets : Besides the big stores, numerous street stalls sell a variety of goods, including clothes, accessories, and souvenirs. These stalls offer a more affordable shopping experience and a chance to find unique items.Food1. Street Food : Myeong-dong is famous for its street food scene. Vendors sell a variety of delicious and affordable snacks such as tteokbokki (spicy rice cakes), hotteok (sweet pancakes), and gyeranppang (egg bread).2. Restaurants and Cafés : The area is also home to numerous restaurants offering Korean cuisine, including BBQ, bibimbap, and traditional Korean desserts. There are also plenty of international dining options and trendy cafés perfect for a coffee break.Attractions1. Myeong-dong Cathedral : A significant landmark, the Myeong-dong Cathedral is a beautiful Gothic-style church and the first Roman Catholic church in Korea. It’s a place of historical and cultural importance.2. Namsan Seoul Tower : Although not directly in Myeong-dong, the Namsan Seoul Tower is easily accessible from the area. The tower offers panoramic views of Seoul and is a popular spot for tourists.Entertainment1. Street Performances : The streets of Myeong-dong often come alive with various street performances, including K-pop dance covers, musicians, and other entertainers.2. Cultural Experiences : There are opportunities to engage in cultural activities, such as traditional Korean tea ceremonies or Hanbok (traditional Korean clothing) experiences.AccessibilityMyeong-dong is easily accessible by public transportation. The Myeong-dong Station (Seoul Subway Line 4) is centrally located, making it convenient for visitors to reach the area from different parts of the city.Tips for Visiting- Best Time to Visit : Myeong-dong is lively throughout the day, but the best time to visit is in the late afternoon and evening when the street food vendors and shops are in full swing.- Currency : Most shops accept credit cards, but having some Korean Won (KRW) on hand is helpful, especially for street vendors.- Bargaining : While most prices in stores are fixed, bargaining is common at street stalls.Myeong-dong is a must-visit destination for anyone traveling to Seoul, offering a dynamic mix of shopping, food, and cultural experiences that capture the essence of modern South Korean urban life.

 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.