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🇰🇷 South Korea /Economy & Trade

Even Infants Are Earning Rental Income: 179 Landlords Aged Five or Younger

From Dong-A Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Documents & data Context piece
  • South Korean tax data showed that 179 children aged five or younger reported real estate rental income in 2024, including nine aged one or younger.
  • Their average reported rental income reached 15.3 million won per child.
  • Among minors aged 18 or younger, 3,233 reported total rental income of 55.584 billion won, an average of 17.2 million won each.

Nine infants aged one or younger were among 179 children aged five or younger who reported real estate rental income in South Korea in 2024.

The figures, obtained by Democratic Party lawmaker Moon Jin-seok from the National Tax Service, showed that the number of reporting children rose with age: 9 were aged zero or one, 15 were two, 33 were three, 51 were four and 71 were five.

Their reported rental income averaged 15.3 million won per child. When the age range expanded to all minors aged 18 or younger, 3,233 people reported real estate rental income totaling 55.584 billion won, or an average of 17.2 million won each.

More than 3,000 minors reported real estate rental income every year from 2020 through 2024.

About this summary

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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