Avg. price/night: £35
This is a great hotel, right in the middle of the little port town. To walk to the ferry port for Udo Island is about 10 minutes and to walk to the bottom of the volcano hike is about 5 minutes. There are many restaurants very nearby. The bus stop is also only 4 minutes walk away. The rooms are big and clean, the shower very good and the owners are very friendly - don't forget, in South Korea you can not check in earlier than the check in time, but they are happy to look after your bags whilst you go out and about.