This study examined the effects of academic self-concept (internal factor) and maternal parenting behaviors (external factor) on academic delay of gratification (ADOG). Additionally, models predicting ADOG were compared between Korean and Malaysian children. The participants of this study were 100 Korean third graders and their mothers, and 100 Malaysian third graders and their mothers. The children completed the modified versions of the Academic Delay of Gratification Scale for Children, and Academic Self-Concept Questionnaire. The mothers completed the Parenting Attitude Test. Pearson's correlation tests, independent t-tests, and multiple regression analyses were conducted to test the research hypotheses. The results showed that Korean children reported higher ADOG and academic self-concept scores than that of Malaysian children. Moreover, academic self-concept was found to have a significant positive effect on ADOG among both Korean and Malaysian children. There was no significant gender difference in ADOG for both Korean and Malaysian children. However, the effects of maternal parenting behaviors on ADOG were only detected among the Malaysian children, particularly on Achievement Press. That is, only for the Malaysian children, maternal pressure about academic achievement was found to have a significant positive effect on ADOG. In conclusion, only academic self-concept was found to be a significant predictor explaining the variance in ADOG among Korean children. On the other hand, academic self-concept and maternal parenting behaviors were shown as significant predictors explaining the variance in ADOG among Malaysian children.