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South Korea, Indonesia finalize deal to cut Jakarta's payments for KF-21 fighter jet project
6 Articles
6 Articles
Did South Korea Just End Chinese Hopes For a New J-10 Client? Indonesia Commits to Procuring 48 KF-21 Stealth Fighters
South Korea and Indonesia have finalised a revised agreement for the latter’s procurement of KF-21 Boramae fifth generation fighter aircraft, in which Indonesia remains the sole foreign partner country despite having failed to meet its financial contributions since 2019. The updated contract reduces Indonesia’s contribution to the program from 1.6 trillion won, or approximately $1.168 billion, to just 600 billion won, or approximately $438 milli…
Indonesia, South Korea sign revised KF-21 development agreement
“We will do our best to strengthen defense industry cooperation with Indonesia in various areas such as submarines, firepower, and air defense systems, and expand cooperation to the entire Southeast Asia region in the future,” DAPA Minister Seok Jong-gun said in an announcement.
South Korea agrees to cut Indonesia share in fighter jet project
Indonesian and South Korean officials have signed a revised deal that significantly lowers Jakarta's financial commitment to the joint KF-21 fighter jet program, a move aimed at reviving long-stalled progress on the multibillion-dollar project.
South Korea, Indonesia finalize deal to cut Jakarta's payments for KF-21 fighter jet project
Korea and Indonesia have finalized a deal to slash Jakarta's contribution to the joint KF-21 fighter jet project to 600 billion won ($443 million), about one-third of the original amount, Seoul's defe...
Less than a week after reaching an agreement with Turkey for 48 KAAN poaching fighters, the Indonesian government has concluded a negotiation with its South Korean partner that provides for a further reduction in its participation in the KF-21 Boramae program, which had been going on for more than a year and various problematic backgrounds that cast doubt on Jakarta’s commitment to the project. In detail, the new agreement signed between the par…
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