What Can You Purchase with 100 Million Won in South Korea?

With 100 million won, roughly equivalent to 75,000 USD, you can explore a wide variety of purchases in South Korea. This substantial budget gives you the luxury of choosing from many options based on your interests, lifestyle, and goals. Let’s dive into what you can afford to buy in this beautiful country.

Real Estate

Small Apartment

For those interested in real estate, a budget of 100 million won allows you to explore options like purchasing a small studio or one-bedroom apartment in cities such as Busan or Incheon. Alternatively, in Seoul, the same amount might cover a jeonse (lease system) where you pay a large deposit for a larger apartment, leaving you more disposable income for other expenses.

Vehicles

Mid-Range Car

You can also consider purchasing a new mid-range car, such as a Hyundai Sonata or Kia K5, or a high-end used car like a BMW or Audi. This budget allows you to enjoy quality transportation on the roads of South Korea.

Luxury Goods

Designer Fashion

If designer fashion is your passion, this budget can help you indulge in high-end items from brands like Gucci, Louis Vuitton, or Prada. You can purchase bags, shoes, and clothing that meet your taste and elevate your wardrobe.

Travel

Luxury Travel

Your budget also covers luxurious vacations. This could include stays at high-end hotels, sampling fine dining, and engaging in activities in popular destinations such as Jeju Island or visiting historical sites in Gyeongju. Imagine a relaxing stay at a luxury spa or a thrilling adventure via an eco-tourism experience. The possibilities are endless.

Electronics

High-End Electronics

With this budget, you can consider purchasing multiple high-end electronics. You might opt for the latest smartphones, laptops, or home entertainment systems. Imagine upgrading your technology and enhancing your digital life in South Korea.

Investments

Stock Market

Your funds can also be used to invest in South Korean stocks or mutual funds. Pay particular attention to the technology and entertainment sectors, as these industries have shown significant growth and promise.

Business Ventures

Starting a Small Business

If you have entrepreneurial aspirations, this budget could help you start a small business. Whether it’s a café, boutique, or an online store, the financial freedom provided by 100 million won can make your dreams a reality.

Education

Tuition

This substantial budget also opens the door for higher education. You could pay for a year or two of tuition at a university, particularly for international students. Imagine studying in one of the reputable educational institutions in South Korea while exploring a new culture and expanding your knowledge.

Conclusion

As you can see, a budget of 100 million won in South Korea offers a wide range of possibilities. Your choice will ultimately depend on where you stand in terms of your goals, lifestyle, and interests. So, whether you decide to invest in property, travel, technology, or education, there’s a lot you can achieve with this substantial budget.