High Housing Costs Drive Koreans Out of Seoul

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