Honda Stops Selling Cars in South Korea
Introduction
Honda will stop selling cars in South Korea by the end of 2026. The company wants to use its money and time for other business parts.
Main Body
Honda will stop selling the Accord and CR-V cars. Lee Ji-hong is the boss of Honda Korea. He says this change is necessary. Honda will still sell motorcycles. They started selling motorcycles in South Korea in 2002. They want to sell more motorcycles now. Honda will still help people who own Honda cars. They will fix cars and sell parts. Honda had problems in South Korea. Local companies like Hyundai and Kia are very strong. Chinese electric car companies are also growing. Last year, Honda sold fewer than 2,000 cars. This is a big drop. Honda also has problems in China, Thailand, Indonesia, and Malaysia. In China, sales went down a lot in five years.
Conclusion
Honda is leaving the South Korean car market. They will focus on motorcycles. They will still help old car owners. This shows that Honda has many problems in Asia.