This study investigated psychosocial and friendship characteristics of Korean children who engaged in bully/victim subgroups among their peer groups. The participants were 605 elementary school students in Bucheon City, Korea. The participants completed a peer nomination inventory as well as loneliness and social anxiety scales. Friendship quality was measured by self-reports. Significant differences in psychosocial characteristics were found among the bully/victim subgroups and these differences were generally consistent with those in Western cultures. Moreover, children of the same bully/victim subgroups tend to befriend each other. Aggressive, passive victims and bullies were the same as normative contrasts with respect to conflict resolution and closeness/security, however, passive victims did not consider their friends as a significant source of help. (Contains 4 tables.)