Market
Surging apartment prices prompt exodus from Seoul
July 8, 2021
With apartment prices soaring in the South Korean capital of Seoul, a growing number of residents are leaving the city for its surrounding areas, data showed Thursday. According to data from Statistics Korea, from January to May, an average of 8,823 people moved out of the city each month. The agency forecast that the total net outflow for 2021 would reach 100,000. This contributed to overall changes in population. While Seoul‘s population declined 102,475 in the last six months,