A new adzuki bean cultivar, ‘Hongchan’ (Vigna angularis (Willd.) Ohwi & H. Ohashi), with a bright red seed coat and large seed size was developed through a pedigree selection by crossing ‘YA0814’ and ‘Milyang9’ from 2009 to 2022. A promising line, ‘YA0912-B-B-6-1-3-3-1-2,’ was selected and designated as ‘Milyang50. ’ From 2020 to 2022, regional yield trials (RYTs) were conducted in four locations (Miryang, Iksan, Cheongju, and Chuncheon). This line demonstrated stable performance and was released under the name ‘Hongchan.’ It has a semi-determinate growth habit, green embryonic color, green stems, yellow flowers, yellow pods, and a white hilum. It is late-maturing, but flowers early; its flowering and maturing dates were August 10 and October 9, respectively, which were 10 days earlier in flowering and 5 days later in maturity than ‘Arari.’ The stem height, number of pods per plant, and number of seeds per pod were 56, 24, and 6.5, respectively. There were significant differences (p<0.05) in the L^*, a^*, and b^*values of the seeds and pastes of ‘Hongchan’ and ‘Arari.’ The average 100-seed weight of ‘Hongchan’ was 21.3 g, which was 4.9 g heavier than that of ‘Arari.’ The average yield of ‘Hongchan’ was 2.11 ton/ha, which was 6% higher than that of ‘Arari’ in the 3-year regional yield trial. These results indicate that ‘Hongchan’ is an adzuki bean cultivar suitable for mechanical harvesting and paste processing (Registration No. 5573).