South Korea’s Population Dynamics: August 2023

Statistics Korea has released the results of domestic population movement for August 2023, providing insights into the country’s demographic trends.

Key Findings

  1. Total Population Movement:
    • In August 2023, the number of people moving reached 538,000, indicating a 3.8% increase (20,000 people) compared to the same month the previous year.
  2. Population Mobility Rate:
    • The population mobility rate, representing the number of people moving per 100 people, rose to 12.4%. This reflects a 0.5 percentage point increase compared to the same month in the previous year.
  3. Net Migration by Province:
    • Seven cities and provinces experienced net inflows of population. Among them, Incheon led with 3,834 people, followed by Gyeonggi with 2,090 people and Chungnam with 1,219 people.
    • Conversely, ten cities and provinces had net outflows. Gyeongnam and Gyeongbuk faced significant outflows with -1,874 and -1,167 people, respectively. Seoul also experienced a net outflow of -1,020 people.

Implications and Analysis

The increase in total population movement suggests dynamic shifts in people’s residential choices, potentially influenced by economic opportunities, lifestyle preferences, or other factors. The rise in the population mobility rate indicates a greater proportion of the population engaging in residential transitions.

The regional analysis of net migration highlights disparities in population flows among cities and provinces. While some areas attract more residents, others experience significant outflows, indicating variations in economic activities or living conditions.

For a comprehensive understanding of these trends, further analysis may delve into the reasons behind population movements and their implications for local economies and communities.,204,205,206,207,210,211,11109,11113,11814,213,215,214,11860,11695,216,218,219,220,10820,11815,11895,11816,208,245,222,223,225,226,227,228,229,230,11321,232,233,234,12029,10920,11469,11470,11817,236,237,11471,238,240,241,11865,243,244,11893,11898,12031,11825,246