Population mobility slightly down in March
The April 17 photo shows an apartment complex in downtown Seoul viewed from Namsan. Yonhap
The number of Koreans relocating to different residences went down slightly in March, data showed Wednesday, amid population aging and a housing market slump.
According to the data compiled by Statistics Korea, approximately 549,000 people moved last month, marking a 2.6 percent decrease from a year earlier.
The population mobility rate, which refers to the percentage of people relocating per 100 residents, inched down by 0.3 percentage point from a year earlier to 12.7 percent.
The agency said the population mobility is on a downward trend due to the prolonged slowdown in the housing market and aging of the population.
By region, Seoul recorded a net inflow of 1,306 people in March, while the northwestern port city of Incheon posted a net inflow of 3,605.