Although the majority of elderly are residentially stable, many western studies have recently reported that there has been a gradual growth of retirement migration. However, little is known about that in Korea. Therefore, this study intended to examine the trend and nature of elderly migration. For this purpose, inter- and intra-province migration among the aged 65 and over were analyzed, using the migration data of the Korea National Statistical Office, compiled from the 2000 and 2006 resident registration records. The results were as follows. First, there was an increase of elderly migrants to 531 thousand persons in 2006 from 383 thousand persons in 2000. Secondly, the migration rate of elderly has steadily grown with a 11.7% in 2000 and 12% in 2006. Also, the move of female among old population was active but this trend tended to decrease in 2006. Thirdly, the number of provinces which showed a positive net inter-province migration of old population increased from 7 provinces in 2000 to 8 provinces in 2006. Fourthly, we found that the destinations of elderly migrants were mostly neighboring province except the Chungnam, Jeonbuk, and Jeju. These results suggested that elderly migration would be expected to increase gradually and be important in the future of Korea.