The number of people who changed their residence stood at 587,000 in March, down 20.1 percent from a year ago, according to Statistics Korea.
It has continued to slide for 15 months since January last year as the aging population refrained from moving to another regions. The housing market downturn also contributed to the lower mobility.After peaking in 2020, the population continued to slide amid the rapid population aging. The population mobility rate, or the number of those who relocated to different parts of the country per 100 people, came in at 13.4 percent in March, down 3.4 percentage points from a year earlier.
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