Overview

• Official data show 734 infants under age 1 received a combined 67.1 billion won in 2024, averaging just over 90 million won each.
• The total rose from 61.5 billion won for 636 infants in 2023, following swings from 9.1 billion won in 2020 to 80.6 billion in 2021 and 82.5 billion in 2022.
• Financial assets dominated newborn transfers last year (554 cases worth 39 billion won), followed by securities (156 cases, 18.6 billion won), with smaller amounts in land and buildings at about 2.6 billion won each.
• Across all minors, 14,217 gifts were reported totaling 1.2382 trillion won, averaging roughly 87 million won per child, with transfers concentrated around ages 10–13 and the mid-teen years.
• Rep. Park Seong-hoon, who released the figures, urged proactive audits and post-transaction monitoring to deter manipulative gifting and tax evasion.