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1 Month solo backpacker trip! How costly / enjoyable can be?

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Hi there!
I've already got flight tickets for a month long visit starting mid October.
I have some second thoughts if it is too long, but I'd really like to go around the country in relaxed pace, and enjoy cities, nature, culture, food...
Do you think it is possible to keep the budget really low? A guidebook mentioned 50.000 KRW/day total. I’ll be travelling solo, sleeping in hostels, eating in moderate restaurants etc.
And no serious alcohol expenses, not my thing…
Any ideas for transportation, accommodation, good spots and tips for backpacker style to enjoy nice moments in Korea without luxury, would be very very helpful!!!
Of course the point is not to cut expenses so much that I would end up missing the beauty of the places.
Thank a lot!!
Nikolas

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