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South Korea and Indonesia agree to cut Indonesia's payment for the KF-21 fighter jet project to $443M.
South Korea and Indonesia have finalized a deal reducing Indonesia's financial contribution to the KF-21 fighter jet project from 1.6 trillion won to 600 billion won (US$443 million).
The reduction comes after Indonesia failed to meet initial payment deadlines.
The agreement also addresses technology transfer details, and both countries hope this will help the project regain momentum.
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Corea del Sur e Indonesia acuerdan reducir el pago de Indonesia por el proyecto del avión de combate KF-21 a $443 millones.