Honda to Exit South Korean Car Market by End of 2026

Japanese automaker Honda has announced its decision to cease car sales in South Korea by the end of 2026. The company stated its intention to exit the market after 23 years to concentrate on its core business strengths.

23 Apr, 07:47 — 23 Apr, 07:47

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Korea HeraldMostly Factual132d ago

Honda to end auto sales in Korea

Honda Korea said Thursday it will exit the automobile sales business in Korea by the end of 2026, following a strategic review of its operations. The move reflects a decision to reallocate management resources to priority areas amid shifting global and local market conditions. Despite the withdrawal, the company said it will continue to provide after-sales services, including maintenance, parts supply and warranty support, and will work with its dealer network to ensure a stable service system.

By The Korea Herald

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