179 children aged five or younger report rental income from real estate

A total of 179 children aged five or younger reported income from real estate rentals in South Korea last year, with each child declaring an average of 15.13 million won.

The figures came from the National Tax Service’s annual data on real estate rental income among minors, obtained by Democratic Party lawmaker Moon Jin-seok of the National Assembly’s Finance and Economy Committee.

Nine of the reporting children were aged zero or one, while 15 were two, 33 were three, 51 were four and 71 were five. The reported average rental income was 14.7 million won for children aged zero or one, 12.3 million won for two-year-olds, 18.4 million won for three-year-olds, 14.7 million won for four-year-olds and 15 million won for five-year-olds.

The number of children aged five or younger reporting rental income declined from 252 in 2020 to 238 in 2021, 250 in 2022 and 217 in 2023. In 2024, it dropped below 200 to 179.