The Statistics Korea has released the internal migration data for September 2023, shedding light on the movement patterns within the country.
Key Findings:
- Total Migration: In September 2023, the total number of individuals on the move was 450,000, reflecting a marginal decrease of 1.6% (7,000 individuals) compared to the same period last year.
- Migration Rate: The migration rate, indicating the number of movers per 100 people, stood at 10.7%, witnessing a slight decline of 0.2 percentage points compared to the previous year.
- Interregional Net Migration: Among the regions, Incheon (2,917 individuals), Gyeonggi (1,238 individuals), and Chungnam (1,108 individuals) experienced a net inflow of population. In contrast, Seoul (-1,370 individuals), Busan (-961 individuals), and Gyeongbuk (-661 individuals) witnessed a net outflow.
Implications and Further Analysis:
The dip in overall migration suggests a nuanced demographic landscape, with certain regions attracting more residents, while others experience a net migration loss. This data can serve as a valuable resource for policymakers and urban planners aiming to understand and address regional population dynamics.