(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Minyoung] Indonesia, currently in joint development with South Korea on the 'KF-21' fighter aircraft, has proposed to the South Korean government to only contribute one-third of the originally agreed development costs and to receive technology transfer proportional to that reduced level as compensation.

According to industry sources on the 7th, Indonesia recently notified the South Korean government that they would pay a total of 600 billion won by adding an additional 3 trillion won to the existing 3 trillion won for the KF-21 development cost until 2026. Initially, Indonesia's share of the KF-21 development cost was around 1.7 trillion won, but it was later reduced to approximately 1.6 trillion won.

Indonesia plans to complete the payment of the installment of the KF-21 development cost by June 2026, but it has postponed payments, citing reasons such as its own economic situation.

If the government accepts Indonesia's proposal, it is expected that the South Korean government will bear an additional 1 trillion won out of the total development cost of the KF-21, which is 8.8 trillion won. Currently, the government is reviewing Indonesia's proposal.

As compensation for the joint development of the KF-21, Indonesia initially planned to receive one prototype and technology data and subsequently produce 48 units locally. However, with the reduction in Indonesia's contribution, the size of the benefits from the joint development is expected to be reduced.

 

 

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