The present study reviewed positive counseling and psychotherapy with children and adolescents which are based on positive psychology. First, concepts of positive psychology and positive psychology-based counseling and psychotherapy were examined. Then, those studies on positive counseling and psychotherapy with children and adolescents in Korea and abroad were examined. In addition, the present study considered the issues in positive counseling and psychotherapy including flourish, a newly emerging concept from research on happiness. Based on this review, the limitations and future directions of positive counseling and psychotherapy with children and adolescents were discussed.