Indonesia proposes cutting payments for S.Korea fighter jet project

6/5/2024 12:08

        Indonesia has proposed to cut its share of payments for a joint fighter jet development project with South Korea to about one-third of the originally agreed amount, South Korean news agency Yonhap reported on Monday.
        
        Indonesia recently suggested to the South Korean government that it would pay about 600 billion won ($442.47 million) for the KF-21 joint fighter jet project, Yonhap reported, citing multiple unnamed government sources.
        
        The original amount due for Indonesia's share of the joint fighter project was set to be at about 1.6 trillion won by June 2026, the report said.
        
        "In order to successfully complete the development of the KF-21 system, the governments of both South Korea and Indonesia are conducting final negotiations to resolve the current cost sharing issues," South Korea's Defense Acquisition Program Administration said in a statement to Reuters.