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Honda to Exit South Korean Car Market by End of 2026

Sliding sales prompted a resource shift toward motorcycles, where Honda leads in South Korea.

Overview

  • Honda Korea, which announced the plan Thursday in Seoul, cited market shifts and exchange-rate pressures as it moves to end car sales by the end of 2026.
  • Service, parts and warranty support for current owners will continue after sales stop.
  • The company will expand its motorcycle business, which holds the top share with about 420,600 bikes sold to date.
  • Passenger-car sales fell to under 2,000 in 2025 with no full EVs in the lineup, as domestic brands grew strong electric ranges.
  • Honda’s withdrawal leaves Toyota as the only Japanese carmaker still selling passenger cars in South Korea.