This study investigates the phonological acquisition of Korean consonants using conversational speech samples collected from sixty monolingual typically developing Korean children aged two, three, and four years. Phonemic acquisition was examined for syllable-initial and syllable-final consonants. Results showed that Korean children acquired stops and nasals followed by affricates, fricatives, and the liquid. In general, Korean consonants were acquired earlier in syllable-initial position compared to syllable-final position, except for the liquid /l/. The findings are compared with previous research based on single-word assessments, and differences that appear to be associated with the unique morphological system of Korean are noted.