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I am currently in Seoul and it can vary. I think that things like housing and the imported items are very expensive but it is possible to eat cheaply and find CDs, books, DVDs and so on at prices cheaper than home.
In terms of drinking - which is always important - beer is cheap, soju (the local knock your sox off drink) is VERY cheap and VERY strong, spirits are very cheap in stores though slightly more in bars - wine however is expensive... about AU$10-14 a glass generally. And trying to find it - a decent drop that is - is also tricky!
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