Children who are abused at home are at an increased risk of bullying perpetration and bullying victimization. Within that context, the purpose of the present study was to test Agnew's general strain theory and the peer deviancy training hypothesis by utilizing structural equation modeling to empirically examine pathways linking punitive parenting to bullying perpetration and bullying victimization. This study adds to the literature in two important ways. First, potential mediating linkages between punitive parenting and bullying perpetration and bullying victimization were examined, including socially withdrawn behavior and deviant peer affiliation. Second, these relationships were considered in a longitudinal sample of South Korean adolescents, which is a novel examination given that parenting in South Korea is guided largely by Confucianism which reinforces parental control, restrictiveness, and a punitive nature. Results indicate that: (1) punitive parenting is directly related to bullying perpetration but not bullying victimization; (2) punitive parenting was found to have indirect effects only on bullying perpetration; (3) deviant peer affiliation increased the likelihood of bullying perpetration and victimization; and (4) socially withdrawn behavior only affected bullying perpetration via its effect on deviant peer affiliation.