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South Korea and Indonesia Cut Jakarta’s KF-21 Contribution to 600 Billion Won

This pact revives talks stalled by a technology-theft probe, boosting prospects for wider defense cooperation.

South Korea's indigenous fighter jet KF-21 takes off from the runway of the Air Force's 3rd Flying Training Wing in Sacheon, about 290 kilometers south of Seoul, on Sept. 28, 2022, during a ceremony to celebrate its successful first flight in July, in this file photo provided by the Defense Daily. (PHOTO NOT FOR SALE) (Yonhap)
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Overview

  • The June 11 agreement at Jakarta’s Indo Defence exhibition fixes Indonesia’s share at 600 billion won, down from the originally pledged 1.7 trillion won through June 2026.
  • Indonesia has already paid about 400 billion won and will cover the remaining 200 billion won under a revised payment schedule.
  • Negotiations had been delayed by a police investigation into alleged technology theft at Korea Aerospace Industries, which has since been resolved.
  • Final decisions on the scope of technology transfers will be made after the KF-21 development phase concludes.
  • Officials pledged to expand bilateral defense cooperation to land-based and maritime platforms as the KF-21 program nears production.