Xinhua
22 Mar 2023, 10:25 GMT+10
SEOUL, March 22 (Xinhua) -- South Korea's population mobility kept falling for the 26th straight month in February due to the housing market downturn, statistical office data showed Wednesday.
The number of those who changed residence to a different province or city came to 622,000 in February, down 6.3 percent from the same month of last year, according to Statistics Korea.
It continued to slide since January 2021, marking the lowest February figure in 29 years since 1994.
The population mobility rate, which gauges the number of people moving to a different region for every 100 people, declined 1.0 percentage point from a year earlier to 15.9 percent in February.
Rapid interest rate hikes led to the housing market slump, which cut the number of those relocating to new homes in different regions.
The number of housing transactions nationwide tumbled 43 percent for two months through January compared to a year earlier.
Get a daily dose of North Korea Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to North Korea Times.
More InformationIn the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...