Indonesia completes payment for KF-21 joint development

Indonesia has paid its share of costs for the joint development of South Korea’s KF-21 fighter jet, Seoul officials said Tuesday.

According to South Korea’s Defense Acquisition Program Administration, Indonesia completed payment of its 600 billion-won ($387 million) contribution to the KF-21 project on June 25.

The payment came after Jakarta pledged earlier this year to settle the remaining 64 billion won by the end of June.

Indonesia had paid about 536 billion won as of April.

The 600 billion w ...