A hand brake with a foldable operation lever comprises a ratchet fixed onto a car frame and an operating lever that can be moved up and down and coupled by a hinge onto the ratchet. It also comprises a push button, a rod coupled to the push button, and a slider coupled to the rod. The slider is located inside the operating lever and forcibly rotates a pawl. The pawl is coupled by a hinge to a rotational body, which allows the operating lever to be selectively locked and released from the ratchet. The operating lever also includes a lever limiter, which limits the rotation of the operating lever.