April 20, 2024
Economy
Population mobility in Korea at 43-year low
[THE INVESTOR] South Koreans moved their residences at the lowest pace in 43 years last year due largely to the deepening economic downturn and rapid aging, government data showed on Jan. 25
The number of people who moved to other regions in the country dropped 4.9 percent on-year to 7.38 million throughout 2016, marking the lowest amount since 1979 when it posted 7.32 million, according to the data by Statistics Korea.
Among them, 66.7 percent moved within their cities or provinces, while 33.3 percent chose to cross city limits.
The population mobility rate -- the number of those changing residence for every 100 people -- fell 0.8 percentage point to a 43-year low of 14.4 percent last year.
“A protracted slump in the economy affected the slowdown in population movement last year,” said Lee Jie-youn, head of the agency’s population trend team. “It is also because of the decreasing number of young people in their 20s and 30s, who easily change their residence for occupational and academic reasons.”
(theinvestor@heraldcorp.com)
The number of people who moved to other regions in the country dropped 4.9 percent on-year to 7.38 million throughout 2016, marking the lowest amount since 1979 when it posted 7.32 million, according to the data by Statistics Korea.
Among them, 66.7 percent moved within their cities or provinces, while 33.3 percent chose to cross city limits.
The population mobility rate -- the number of those changing residence for every 100 people -- fell 0.8 percentage point to a 43-year low of 14.4 percent last year.
“A protracted slump in the economy affected the slowdown in population movement last year,” said Lee Jie-youn, head of the agency’s population trend team. “It is also because of the decreasing number of young people in their 20s and 30s, who easily change their residence for occupational and academic reasons.”
(theinvestor@heraldcorp.com)
