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South Korea and Indonesia Advance KF-21 Talks, Broaden Economic Ties at APEC

Jakarta signaled openness to greater Korean industry participation with consultations planned on pricing and funding.

Overview

  • Presidents Lee Jae Myung and Prabowo Subianto met in Gyeongju during APEC and reaffirmed defense cooperation centered on the KF-21 fighter program.
  • Both governments arranged follow-ups among officials and engineers to assess economic feasibility, pricing, and funding for the joint jet project.
  • Indonesia said Korean companies could take a larger role in the program, indicating flexibility on industrial participation.
  • The leaders agreed to leverage the Korea–Indonesia CEPA to expand trade and investment, alongside cooperation in food security and labor.
  • Lee invited Prabowo for a state visit and outlined efforts to ease tensions on the Korean Peninsula, with both sides committing to close communication on regional stability.