Indonesia resumes payment for joint fighter development project with S. Korea
JAKARTA, Nov. 2 (Yonhap) -- Indonesia has resumed payment for its share of the cost for a joint fighter development project with South Korea, an informed source said Wednesday, nearly four years after Jakarta stopped its payments.
Indonesia's Ministry of Defense made a payment of 9.4 billion won (US$6.6 million) to the South Korean government the previous day for the development project of the KF-21 jet, the source said.
Launched in 2015, the 8.8-trillion-won project seeks to develop the 4.5th-generation fighter to replace South Korea's aging fleet of F-4 and F-5 jets.
Indonesia has agreed to shoulder 20 percent of the total development cost as a partner country. Despite the deal, the country had halted payments since January 2019 and is estimated to have overdue payments of about 800 billion won.
In July, the KF-21 successfully carried out its first flight test.
South Korea's homegrown KF-21 fighter jet flies during its first test flight over the Air Force's 3rd Flying Training Wing base in Sacheon, about 300 kilometers south of Seoul, on July 19, 2022, in this photo provided by the Defense Acquisition Program Administration. (PHOTO NOT FOR SALE) (Yonhap)
yunhwanchae@yna.co.kr
(END)
-
Opposition leader calls on Yoon to reject imports of products from Japan's Fukushima -
S. Korea to allow online permit-free entry for tourists from 22 nations to spur spending -
DP leader says Yoon should have stormed out of summit with Japan if Dokdo issue raised -
BTS' Jimin to release 1st individual album -
PPP expels member for hanging Japanese flag on Independence Movement Day
-
S. Korea to allow online permit-free entry for tourists from 22 nations to spur spending -
(LEAD) U.S. Forces Korea holds first deployment training of THAAD 'remote' launcher -
Grandson of ex-President Chun apprehended at Incheon Int'l Airport over drug use -
S. Korea calls on N. Korea to pay back US$80 mln loan -
Hybe to sell SM shares to Kakao following failed takeover bid
-
S. Korea to allow online permit-free entry for tourists from 22 nations to spur spending
-
(LEAD) (News Focus) Abrupt replacement of national security adviser gives rise to much speculation -
Grandson of ex-President Chun released after investigation over drug use -
S. Korea releases report on N. Korea's human rights violations -
(LEAD) S. Korea to allow online permit-free entry for tourists from 22 nations to spur spending
