Busan’s Population Conditions Are Getting Serious

(1)Estimation of Future Population in Busan and Incheon
(2)10,000 people in units.
(3)Data Statistics Office
(4)Year 2040
(5)Previously predicted by the National Statistical Office, the Busan-Incheon population reversal period was 2035.
(6)However, as the population decline in Busan progresses more steeply than expected,
(7)Kim Kyung-soo, head of the Busan Institute’s Population Impact Assessment Center, said, “In Incheon, the population could reverse Busan faster by 2028, but there is little possibility of Busan’s supply of housing sites for 10 years.”
(8)The possibility of a turnaround in 2028, seven years earlier, was suggested.
(9)The size of the economy has already been reversed by Incheon in 2017.
(10)Busan is a more serious situation in which the Busan area itself is shrinking due to the declining population of not only Gimhae and Yangsan, but also Ulsan.