Population mobility falls to 52-year low in May amid housing supply decline (opens original article in a new tab)

South Korea's population mobility reached a 52-year low in May 2023 as housing supply declined, with 466,000 people relocating, the lowest figure since 1974.

• South Korean population mobility fell 1.5% in May 2023 compared to the previous year
• The number of people relocating reached 466,000, the lowest since 1974
• Housing supply decline attributed as main reason for reduced mobility