One-Year-Olds with 40 Million Won in Financial Income... The Scale of Minor Investment Returns

This hot topic is about infants earning 40 million won a year in interest and dividends.

It turns out that some one-year-old babies have financial incomes reaching up to 40 million won annually.

The number of minors who earned 20 million won or more per year exceeds 1,600.

Let us take a look at the related report.

According to data submitted by the National Tax Service to the National Assembly, 1,606 minors reported financial income during the comprehensive income tax filing process for 2024.

The total income reported by them amounted to 166.9 billion won, which averages out to about 104 million won per person.

Among them, 5 were found to be one-year-olds.

The financial income reported by these infants totaled 197 million won, averaging nearly 40 million won per person.

It is estimated that the financial income of minors mostly comes from stocks and deposits gifted or inherited from parents or grandparents.

Lawful gifts and inheritances are by no means a problem.

However, some point out that authorities need to check whether gift taxes were properly reported during the process of transferring assets under the names of young children, and whether parents managed the assets under borrowed names.
※ Please note: This article was translated by AI and may contain errors.