SEOUL, Oct. 23 (Xinhua) -- South Korea's population mobility rebounded in September on the back of higher housing transactions, statistical office data showed Wednesday.

The number of those who moved residence inside and outside the same province or city was 463,000 in September, up 3.1 percent from a year earlier, according to Statistics Korea.

It marked the highest September figure in three years, turning upward after reducing 5.1 percent in August. The number, however, had roughly been on the decline amid the rapidly aging population.

The population mobility rate, which measures the number of people relocating to fresh homes for every 100 people, added 0.4 percentage points over the year to 11.1 percent in September.

The number of housing transactions in July and August reached 129,000, up 29.3 percent compared with the same period of 2023.

The country's central bank lowered its benchmark interest rate by 25 basis points to 3.25 percent earlier this month amid high expectations for the eased monetary policy stance. Enditem

Related

Go to Forum >>0 Comment(s)