Minuartia laricina (L.) Mattf. is a Korean native plant with high potential as a commercial flowering potted plant due to its compactness and long flowering duration. However, because this plant is a groundcover, it is susceptible to lodging and leggy growth. Therefore, this study investigated the effects of plant growth retardants (PGRs) on the inhibition of stem elongation and flowering characteristics of M. laricina. Commercial products, Trimmit, Cycocel, and B-Nine, were used for the exogenous PGR application of paclobutrazol (PBZ), chlormequat chloride (CCC), and daminozide (DMZ), respectively. Application concentrations were 50 and 100 mg·L-1 for PBZ; 100, 500, and 1,000 mg・L-1 for CCC; and 500, 1,000, and 2,000 mg·L-1 for DMZ. Paclobutrazol was the only PGR that inhibited stem elongation. The stem lengths of the plants treated with 50 or 100 mg·L-1 PBZ were 2.2 cm (13%) or 9.8 cm (57%) shorter, respectively, than those of the control. 50 mg·L-1 PBZ retarded stem growth effectively without negatively affecting flowering or other growth parameters, whereas 100 mg·L-1 PBZ caused excessive dwarfing and significantly reduced flowering by 59%. CCC and DMZ applications were ineffective for growth control. Flowering time was accelerated with most PGRs, except for 2,000 mg·L-1 DMZ, reducing the time to flowering by 2–8 days. These results indicate that the stem growth of M. laricina was successfully inhibited with PBZ but not with CCC or DMZ. Thus, we concluded that a single application of 50 mg·L-1 PBZ or similar treatment is effective in miniaturizing M. laricina without causing harm to its growth or aesthetic value, such as the flower number. Additionally, because CCC and DMZ are not persistent in the growing medium, testing multiple application times for these PGRs is crucial.