The Haeundae area of Busan boasts an appealing medley of attractive beaches, impressive skyscrapers and delightful mountains. These impressive assets draw in numerous tourists and make it one of the most desirable places to live in the whole of South Korea.
Ironically, it also has some of the worst food. I say that even though I eat there a fair bit. Like many western expats I go to Haeundae for half way decent burgers or pizza. But, by and large, that’s all you’ll find: fairly expensive meals that are less good than the average restaurant in any town in the US or UK. Look for the cheap and plentiful Korean food that you find in the rest of the country, and you’ll come up empty.
This becomes especially apparent whenever I meet people staying in hotels down there. When a friend from Vietnam visited Busan for an evening and heavy rain stopped us travelling very far, I found myself in the odd position of not being able to find somewhere that did barbeque, bibimbap or kimbap. As around 90% of restaurants in Korea do, this was a) odd and b) frustrating! Even with more clement weather it is still difficult. When my parents were in town, I wanted to take them for ramen but I – and their hotel concierge – simply couldn’t find anything. The nearest substitute they could suggest was massively expensive sushi! I wound up dragging them back out to my commuter, an hour and a half away by subway, to my favourite ramen place.
It’s not just my opinion that it’s great. No fewer than four people had independently and insistently recommended it to me before I eventually visited. It has featured on Korean TV and people travel down from Seoul to try it.
However, the less remarked on restaurants around it will also do you a stonkingly good meal for the same price as a Starbuck’s coffee.
Tyler Cowen, an unlikely combination of economist and food writer, has explained that there are good reasons for this:
If a restaurant cannot cover its rent, it is not long for this world. According to a 2005 study, more than half of all restaurants close in the first three years of operation, so this is not a small problem. You can lay off kitchen staff when times get tough, or substitute the cheaper tilapia for the fancier and scarcer Chilean sea bass. But rent is a fixed cost, meaning that you have to pay it every month no matter how many customers walk through the door and no matter what ingredients you are serving.
Low-rent restaurants can experiment at relatively low risk. If a food idea does not work out, the proprietor is not left with an expensive lease. As a result, a strip-mall restaurant is more likely to try daring ideas than is a restaurant in, say, a large shopping mall. The people with the best, most creative, most innovative cooking ideas are not always the people with the most money. Many of them end up in dumpier locales, where they gradually improve real-estate values.
In a recent episode of the Ezra Klein show Cowen went further and singled out Korean suburbs as the place where the most interesting affordable food in the whole world is found. Given that Cowen seems to travel the world in large part to eat stuff that is quite a recommendation!