My friend and I are actually still enjoying our staying for 9 days. We really like it here. This hostel locates, at first, for safety, behind the police station; secondly, it's very close to subway, and close to a catholic church (Myeong-dong catholic church, Yakhyeon catholic church, which is a few walks at the right hand side after getting off Seoul Station). It's very easy to find. Moreover, the small street across the hostel has some small restaurants with cheap/reasonable prices. We had our meals which cost 3000w for each, good taste, and fairly cheap if being compared with some street foods around. The hostel itself, however, looks small, but clean, comfortable, free foods being offered in the kitchen such as: kimchi, noodle/raimen, rice, ...and some optional foods on different days. Washing/drying machines work pretty well. The staff could speak English more-than-a-bit, and they're very nice.
Overall, this hostel offers good deals, locates at historic Myeong-dong, and I didnot have to pay over $260.00 for 9 days, the prices depend on season and special offers from the manager. If i have to comeback here in Seoul, I will definitely reserve a room in this hostel. Unforgettable!