Writeup: factual information with credit from : https://www.hanokmaeul.or.kr/about/namsangol, http://english.visitkorea.or.kr/enu/ATR/SI_EN_3_1_1_1.jsp?cid=264116
Namsangol Hanok Village comprises five hanok buildings, the Gugakdang (traditional theater), Traditional Garden, and Seoul Millennium Time Capsule Square.
Namsangol Hanok Village is a collection of five hanoks (traditional Korean houses) from the Joseon Dynasty (1392-1910), The interiors of each of these five houses reflect owners from different walks of life, from the middle class to the yangban (who were mainly high government officials, noblemen and aristocrats). Visitors can participate in some of the cultural activities offered at the village. Traditional programs, such as, wearing hanbok, folding hanji (traditional Korean paper), writing in Korean, traditional tea ceremony, traditional etiquette school and herbal medicine experience. There are also taekwondo performances and other various performances around the village. You can also try traditional games such as yutnori (traditional board game). You can also tour around with a tour guide that can give helpful information about the history.
To get to the village, stop at Chungmuro station, which is just one stop from Myeongdong.
A trip to the village would be a good way to start the day and then end with lunch or shopping experience at Myeong dong. If you are not participating in any of the activity at the village, an hour should suffice. If you wish to take part in the activities, you may wish to plan your trip between 10 to 1pm to catch these activities. Do check out the official website for the updated dates and times.