Honda Exits Korea Auto Market, Goes All-In on Motorcycles with 16-Model Promotion

May Campaign Offers Subsidies Across Entire Lineup

Finance|
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By Yoo Min-hwan
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Honda CBR650R (left) and CB650R. Photo courtesy of Honda Korea - Seoul Economic Daily Finance News from South Korea
Honda CBR650R (left) and CB650R. Photo courtesy of Honda Korea

Honda Korea will run a large-scale promotion throughout May covering its entire motorcycle lineup of 16 models, ranging from small to large displacement. Honda earlier announced it would withdraw from the Korean automobile market by the end of this year and concentrate on its motorcycle business.

According to Honda Korea on Wednesday, the promotion targets six small models of 125cc or less, suitable for commuting, school travel and short-distance riding, as well as 10 large models of 300cc or more, suitable for long-distance and off-road touring.

For small models, buyers of the 2023-2025 MSX Grom, Monkey125, CT125, C125 and ST125 will receive 200,000 to 500,000 won worth of apparel and accessory subsidies depending on the model year. Buyers of the 2025 Super Cub will be offered either a 10-month interest-free installment plan through a partner financing program or a 100,000 won discount, along with 100,000 won worth of apparel and accessory subsidies.

null - Seoul Economic Daily Finance News from South Korea

For large models, buyers of the 2025 Rebel 1100 DCT/MT, CB750 Hornet, Rebel 500, NT1100 and CL500 will receive either a 24-month interest-free installment plan through a partner financing program or a discount of up to 1.4 million won, along with touring and accessory subsidies of up to 1 million won. The Rebel 1100 SE comes with a choice between a 24-month interest-free installment plan or a 1 million won discount.

For E-Clutch equipped models, buyers of the 2025 CB650R E-Clutch will receive acquisition tax support and touring subsidies of up to 500,000 won. Buyers of the 2024 CB650R MT model will receive a 2 million won discount, while buyers of the 2025 CRF300L will be offered either a 10-month interest-free installment plan or a 320,000 won discount, plus 800,000 won in touring subsidies.

Original reporting by Yoo Min-hwan for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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