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's Defense Acquisition Program Administration said Friday that the new deal reflects a resolution made last year to revise Indonesia's share of the development costs. In August, DAPA had said Indonesia would contribute 600 billion won to the project, equivalent to about $438.4 million, marking a drop from 1.6 trillion won originally pledged.
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