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Pay up for KF-21 fighter jets, S. Korea warns Indonesia
On Tuesday, DAPA issued a new warning after Indonesia asked for an eight-year extension of the payment deadline past its 2026 due date.
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A South Korea Air Force KF-21 fighter jet performs during a media demonstration on Oct. 16, 2023, at the Seoul International Aerospace and Defense Exhibition (ADEX) in Seongnam, South Korea. (AFP/Anthony Wallace)
S
outh Korea's Defense Acquisition Program Administration (DAPA) has urged the Indonesian government to promptly settle the payment for the development of the KF-21 Boramae fighter jet, a joint project between the two countries.
On Tuesday, DAPA issued a new warning after Indonesia asked for an eight-year extension of the payment deadline past its 2026 due date, Korean news agency Yonhap reported.
South Korea First Deputy Foreign Minister Kim Hong-kyun also appealed to Indonesian Deputy Foreign Minister Pahala Nugraha Mansury to complete the cost-sharing payment for developing the KF-21 fighter jet.
According to reports, Indonesia owes South Korea a payment of some Rp 1 trillion (US$746 million) and has submitted a request to extend the deadline to 2034.
In 2015, Indonesia and South Korea agreed to develop the KF-21 jet fighter as a joint strategic project, with 60 percent of the cost to be covered by the South Korean government and 20 percent by the Indonesian government.
The remaining 20 percent of the enterprise would be held by private partners, including Korea Aerospace Industries.
The jet fighter is designed to have generation-4.5 capabilities, more advanced than the F-16 Fighting Falcon but not as stealthy as the F-35 Lightning II.
