Ah, but if you went to the Grand Hyatt up on Namsan, you'd only pay something like $38!
Seriously, most of these hotels are serving the expense account clientele, and that's what the market will bear -- my company is pretty frugal about travel (e.g. non-upgradeable coach for transpac) and they don't blink at the breakfast charge in an overseas "business" hotel.
When I'm on my own dime, I tend to avoid those hotels anyway, so the buffet price isn't such a big deal...