South Korea says the Indonesian joint research stealth fighter is on the right track and is negotiating to make Indonesia pay for it.

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 South Korea says the Indonesian joint research stealth fighter is on the right track and is negotiating to make Indonesia pay for it.


Indonesia and Korea agreed to work together to develop KF-X fighters in 2014.

Reported that the project is expected to cost $7.9 billion, Indonesia agreed to pay 20% of research and development funding, but a senior Indonesian official recently said that the country is seeking lighter financial terms of the agreement.

The picture shows the concept map of KF-X fighter. The Defense Acquisition Planning Authority, a Korean arms procurement agency, said at a news conference that the KF-X project was on track. During the Korea-Indonesia Summit in September, the two sides agreed to develop KF-X, the spokesman said. For the money, we plan to discuss it separately. The spokesman also confirmed that from the second half of 2017 to the first half of 2018, Indonesia had unpaid payments of about 230 billion won ($203.14 million). Reported that Indonesias requirements for the financial terms of the agreement came at a time when it was trying to support the Indonesian shield and reduce the use of foreign exchange reserves. The exchange rate of the Indonesian shield has fallen to its lowest level in nearly 20 years. (compile / Xu Yanhong) this article source: Reference News Net editor: Li Xi _NN2587

The KF-X project is on track, South Koreas weapons procurement agency, the Defense Acquisition Planning Authority, said at a news conference.

During the Korea-Indonesia Summit in September, the two sides agreed to develop KF-X, the spokesman said. For the money, we plan to discuss it separately.

The spokesman also confirmed that from the second half of 2017 to the first half of 2018, Indonesia had unpaid payments of about 230 billion won ($203.14 million).

Reported that Indonesias requirements for the financial terms of the agreement came at a time when it was trying to support the Indonesian shield and reduce the use of foreign exchange reserves. The exchange rate of the Indonesian shield has fallen to its lowest level in nearly 20 years. (compile / Xu Yanhong)