Population mobility down 10% in Sept. to lowest level in 53 years

Population mobility in South Korea has decreased by 10% in September compared to the same month last year, reaching its lowest level in 53 years. This decline is largely attributed to a steady drop in housing transactions. The number of people changing residences fell from 494,000 to 444,000. This decrease in population mobility could have implications for the country's economy, particularly in terms of housing demand and supply.

Why it matters

Population mobility in Korea fell to its lowest level in 53 years in September, following a steady decline in housing transactions. This could lead to a decrease in demand for housing and a subsequent decline in housing prices.

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