The starting place of James Joyce`s Ulysses and Pak Tae-won`s One Day of a Novelist, Mr. Gubo is the same: the main character`s home. The principal events of the two texts are also indistinguishable: leaving home, wandering streets of the colonial metropolitan city, and returning home. This article scrutinized the diverse denotations regarding the common theme of “homecoming” in the two texts: the ambivalent meanings of “home,” the equivocal implications of main character`s wandering in the streets, and the various significances of home-coming in the two texts. As the starting places of the two texts, their home has positive as well as negative meanings. First, both men`s home is not only represented as the primordial place for satisfying their intrinsic desires but also it is the place for the most special two women: Bloom`s wife Molly and Gubo`s mother. However, their home triggers psychological pressure for Bloom and Gubo, who want absolute freedom as an independent individual. Meanwhile, two main character`s prowling in the streets of modernistic colonial city Dublin or Gyeongseong had equivocal denotations, too. Both men feel not only a sense of freedom to pursue an adventure there and to observe continuously ensuing things of the streets, but also a sense of alienation as an outsider in the society. Ultimately, Bloom or Gubo returned to each one`s home, which indicates that two men would make efforts to be reconciled with each one`s partner even though there are significant obstacles such as Molly`s infidelity or the conflicting outlook on life of Gubo`s mother. However, because of one day time setting of the two texts, the main character`s reconciliation with their partner can be not a fixed but a temporary one. Also, the theme of homecoming emphasizes on the importance of the everydayness in the modern world.