High Housing Costs Drive Koreans Out of Seoul

A growing number of Seoul residents are relocating to the neighboring Gyeonggi Province, with departures from the capital reaching a four-year high in the first quarter, primarily due to high housing costs.

6 May, 05:27 — 6 May, 05:27

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Korea HeraldMostly Factual121d ago

Why are more Koreans leaving Seoul?

More Seoul residents are moving to neighboring Gyeonggi Province as housing costs in the capital remain high, with the number of those leaving the capital reaching its highest level in nearly four years in the first quarter. According to domestic migration data released by the Ministry of Data and Statistics on Wednesday, 83,984 people moved from Seoul to Gyeonggi Province between January and March. The figure was up 30.9 percent from the previous quarter and 11.7 percent from a year earlier, ma

By The Korea Herald

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High Housing Costs Drive Koreans Out of Seoul

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Why are more Koreans leaving Seoul?

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