South Korean population mobility increased 6.2% in July to 512,000 due to higher housing transactions.

South Korea's population mobility rose 6.2% in July, reaching 512,000 due to higher housing transactions in May and June. The population mobility rate increased to 11.8%, marking a 0.7 percentage point increase from the same month last year. Despite the trend of relocation declining due to an aging population and high interest rates, the central bank has maintained the benchmark interest rate at 3.50% since January last year.

August 28, 2024
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