In 2024, Seoul's population amounted to around *** million, a decline from approximately *** million residents in the previous year. Seoul, the capital of South Korea, is one of the cities with the highest population densities in the world.

In 2024, the largest age group in Seoul, South Korea's capital, was those aged 25 to 29, totaling approximately ******* individuals. Seoul is home to about ** percent of the total population

In 2024, the female population in Seoul, South Korea's capital, totaled about 4.83 million, surpassing the male population of about 4.51 million. Seoul's population has been steadily declining in recent years, while the share of female residents increased.

In 2024, Seoul had the highest population density of all provinces in South Korea, with about ****** people per square kilometer. The port city of Busan, which lies 300 kilometers southeast of Seoul, followed with about ***** residents per square kilometer. With 90 people per square kilometer, Gangwon was the province with the lowest population density. Population of Seoul The capital of South Korea, Seoul, is the country's largest city with a population of nearly 9.5 million people, meaning that about 20 percent of South Korea's total population live in Seoul. Together with the surrounding Gyeonggi Province and Incheon Metropolitan Area, the greater Seoul region (or Seoul Capital Area) is home to half of the total population of South Korea. This region also forms one of the largest metropolitan areas in the world. Solving the problem of overpopulation in Seoul One of the major problems stemming from overpopulation in Seoul is the housing shortage, leading to a significant surge in real estate prices. Over the past few years, several efforts have been made to curb the excessive population concentration and to solve the associated economic and social problems. In 2007, for example, former President Roh Moo-hyun attempted to move the country's administrative capital to Sejong, which is located 120 kilometers south of Seoul. Although the grand plan did not fully work out, around 40 central administrative agencies have since been moved from Seoul to Sejong, turning the city into the de facto administrative capital of South Korea.

In 2024, the population of Gyeonggi Province in South Korea stood at around **** million. Seoul followed with about *** million inhabitants. The total population of South Korea stood at around **** million that year.

Demographic development in South Korea in the final decades of the 21st century saw rapid change across its society. In South Korea, the average age of the population rose from below 20 years in the late-70s to around 45 years today, and it is projected to rise to over 62 years in 2074. With one of the lowest fertility rates in the world, population aging is one of the largest challenges facing South Korea today. If these projections come true, then South Korea is on course to soon have a smaller working-age population than its combined child and elderly populations. Recent years have shown population aging to be a compounding issue that exacerbates itself - young people often become responsible for providing care for elderly relatives, straining time and financial resources and dissuading many from having their own children. The state must also invest much more money into elderly care and healthcare, often redistributing resources that were previously invested in childcare and education. Although the state (and even some private companies) are now offering financial incentives for couples to have children, it remains to be seen whether these measures will be enough to reverse years of rapid population aging and declining fertility rates.

In 2025, the total population of South Korea is projected to be around ***** million. In thirty years, the number of people aged 15 to 64 is estimated to decrease by one-third, while the number of older adults is anticipated to more than double. Additionally, the overall population is expected to decline by around *** million people by that time. Declining birth rate Several factors are contributing to the expected demographic changes in South Korea. Firstly, the birth rate has been declining for years. As of 2024, South Korea had the lowest fertility rate in the world. This trend continues despite the efforts of successive governments to encourage young people to have children. An increasing number of South Korean women are prioritizing their careers, often choosing to focus on work rather than starting a family at a young age. While the employment rate for South Korean women is still lower than that of men, it has steadily risen over the past decade. Increase in life expectancy Secondly, life expectancy in South Korea has steadily increased due to improved living standards and healthcare. The average life expectancy at birth for South Koreans has risen from less than 75 years to almost 83 years over the past twenty years. As a result, the proportion of people aged 65 and older has grown from less than ** percent to around ** percent in the last decade.

This data package includes the underlying data to replicate the charts and calculations presented in Migration or stagnation: Aging and economic growth in Korea today, the world tomorrow, PIIE Working Paper 24-18.

If you use the data, please cite as:

Clemens, Michael. 2024. Migration or stagnation: Aging and economic growth in Korea today, the world tomorrow. PIIE Working Paper 24-18. Washington: Peterson Institute for International Economics.

In 2024, the employment rate in South Korea's capital, Seoul, stood at about 61.7 percent, up from 61.1 percent the previous year. The rate had fluctuated between 58 and 61 percent over the past ten years.

Employment Rate in South Korea increased to 63.80 percent in May from 63.20 percent in April of 2025. This dataset provides - South Korea Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the population of Gyeonggi (Gyeonggi Province), South Korea stood at about **** million. Gyeonggi surrounds the capital city of Seoul. With the urbanization of South Korea, more and more people from rural areas moved to Seoul and Gyeonggi.

In 2024, the population aged 65 or older in South Korea made up approximately ** percent of the total population. The share of older people in the total population has almost tripled in the last two decades.

In 2024, the number of births in South Korea stood at *******, a slight increase compared to the previous year. Around two decades earlier, this number was twice as high. Declining fertility in South Korea A phenomenon that most East Asian countries and territories grapple with is a stark decline in fertility rates. This is especially evident in South Korea, which has the lowest fertility rate in the world, far below the 2.1 children per woman threshold that represents replacement fertility. In response to the expected economic consequences of a declining population, South Korea has implemented various initiatives to encourage married couples to have children. Factors contributing to low birth rates in South Korea One major element is the societal change in attitudes toward childbirth. In a survey, half of the South Korean respondents asserted that marriages can be happy without children, and a sizable share also stated that having children was dependent on economic factors. In addition, an increasing number of South Koreans are choosing not to get married. In 2023, South Korea recorded one of the lowest numbers of marriages in its history. Furthermore, there has been a growing trend among South Korean women to prioritize their financial independence and career continuity over traditional expectations of childbearing.

According to a survey conducted in South Korea in 2023, over ** percent of respondents reported no religious affiliation, while approximately ** percent identified as Christians and ** percent as Buddhists. Religious population South Korea is a multi-religious society where Christianity, Buddhism, and various other religions coexist with shamanism. According to a previous study, the domestic religious population appeared to decline over time after reaching its peak in 2005, at nearly ** million people. In contrast, the share of people who are religiously unaffiliated has increased in recent years. Within the last two decades, the religiously unaffiliated population has increased from about ** percent to more than ** percent. Shamanism Shamanism has continued to significantly influence the daily lives of many South Koreans. According to a survey conducted in 2023, about ** percent of respondents reported having consulted a fortune-teller within the past year. Roughly ** percent of those respondents were already affiliated with a religion.

In 1800, it is estimated that approximately 9.4 million people lived in the region of modern-day South Korea (and 13.8 million on the entire peninsula). The population of this region would remain fairly constant through much of the 19th century, but would begin to grow gradually starting in the mid-1800s, as the fall of the Joseon dynasty and pressure from the U.S. and Japan would end centuries of Korean isolationism. Following the opening of the country to foreign trade, the Korean peninsula would begin to modernize, and by the start of the 20th century, it would have a population of just over ten million. The Korean peninsula was then annexed by Japan in 1910, whose regime implemented industrialization and modernization policies that saw the population of South Korea rising from just under ten million in 1900, to over fifteen million by the start of the Second World War in 1939.

The Korean War Like most regions, the end of the Second World War coincided with a baby boom, that helped see South Korea's population grow by almost two million between 1945 and 1950. However, this boom would stop suddenly in the early 1950s, due to disruption caused by the Korean War. After WWII, the peninsula was split along the 38th parallel, with governments on both sides claiming to be the legitimate rulers of all Korea. Five years of tensions then culminated in North Korea's invasion of the South in June 1950, in the first major conflict of the Cold War. In September, the UN-backed South then repelled the Soviet- and Chinese-backed Northern army, and the frontlines would then fluctuate on either side of the 38th parallel throughout the next three years. The war came to an end in July, 1953, and had an estimated death toll of three million fatalities. The majority of fatalities were civilians on both sides, although the North suffered a disproportionate amount due to extensive bombing campaigns of the U.S. Unlike North Korea, the South's total population did not fall during the war.

Post-war South Korea Between the war's end and the late 1980s, the South's total population more than doubled. In these decades, South Korea was generally viewed as a nominal democracy under authoritarian and military leadership; it was not until 1988 when South Korea transitioned into a stable democracy, and grew its international presence. Much of South Korea's rapid socio-economic growth in the late 20th century was based on the West German model, and was greatly assisted by Japanese and U.S. investment. Today, South Korea is considered one of the world's wealthiest and most developed nations, ranking highly in terms of GDP, human development and life expectancy; it is home to some of the most valuable brands in the world, such as Samsung and Hyundai; and has a growing international cultural presence in music and cinema. In the past decades, South Korea's population growth has somewhat slowed, however it remains one of the most densely populated countries in the world, with total population of more than 51 million people.

In 2024, approximately 958,959 Chinese (including those of Korean descent) resided in South Korea, the largest group of foreign nationals. This was followed by citizens from Vietnam, with around 305,936 people.

South Korea's capital Seoul had the highest cost of living among megacities in the Asia-Pacific region in 2024, with an index score of ****. Japan's capital Tokyo followed with a cost of living index score of ****. AffordabilityIn terms of housing affordability, Chinese megacity Shanghai had the highest rent index score in 2024. Affordability has become an issue in certain megacities across the Asia-Pacific region, with accommodation proving expensive. Next to Shanghai, Japanese capital Tokyo and South Korean capital Seoul boast some of the highest rent indices in the region. Increased opportunities in megacitiesAs the biggest region in the world, it is not surprising that the Asia-Pacific region is home to 28 megacities as of January 2024, with expectations that this number will dramatically increase by 2030. The growing number of megacities in the Asia-Pacific region can be attributed to raised levels of employment and living conditions. Cities such as Tokyo, Shanghai, and Beijing have become economic and industrial hubs. Subsequently, these cities have forged a reputation as being the in-trend places to live among the younger generations. This reputation has also pushed them to become enticing to tourists, with Tokyo displaying increased numbers of tourists throughout recent years, which in turn has created more job opportunities for inhabitants. As well as Tokyo, Shanghai has benefitted from the increased tourism, and has demonstrated an increasing population. A big factor in this population increase could be due to the migration of citizens to the city, seeking better employment possibilities.

As of December 2024, the mean purchase price of housing in Seoul, South Korea, amounted to around *** million South Korean won. The average price of detached houses amounted to around **** billion won while the price of apartments was about **** billion South Korean won. Apartments in South Korea Among all housing types, apartments are the most expensive, costing more than *** billion South Korean won on average. Living in apartments is typical for Seoul, as an increasing number of citizens move towards the city, causing high population density. As of 2022, more than ** percent of all households were living in apartments, excluding alternative housing, such as officetels or goshiwons. Gangnam Style Based on the average selling price of apartments in Seoul, Gangnam is the most expensive area in Seoul to live in, with an average sales price of around **** billion South Korean won. The area became internationally known due to the viral YouTube hit Gangnam Style by South Korean artist PSY. Since Gangnam is known for its wealthy citizens, the song was inspired by their mannerisms.

In 2024, about 170,251 U.S. citizens resided in South Korea, up from about 161,895 in the previous year. The number of U.S. citizens residing in South Korea has increased over the last few years.

In 2024, the youth in South Korea made up about 7.8 million of the total population. This shows a sharp decline since 1980, where the youth population stood at 14 million. It is projected that the youth population will continue to decline, and this group will only represent 4.1 million people of the total population in 2060.