Bukchon Hanok simply means North Village – a name given to the village because it is situated to the north of the Cheoggye stream. Since this beautiful little village is located close to the palace you can probably fit both into one day. Bukchon Hanok is still a residential area – however, the houses are all of the traditional Korean builds and are very aesthetically pleasing. The area has many guesthouses and restaurants. It's best to get a map from the tourist information centre before you begin exploring, however.