• Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints

South Korea Mulls Indonesia’s KF-21 Budget Cut Proposal

Simon Osuji by Simon Osuji
May 13, 2024
in Military & Defense
0
South Korea Mulls Indonesia’s KF-21 Budget Cut Proposal
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related posts

Pentagon’s spending plan doubles down on land, air, sea robots

Pentagon’s spending plan doubles down on land, air, sea robots

February 24, 2026
Air Force’s drone wingmen have started flying with weapons

Air Force’s drone wingmen have started flying with weapons

February 24, 2026


South Korea has announced it is reviewing Indonesia’s proposal to reduce its financial contribution to their joint KF-21 Boramae jet fighter program.

The country’s defense acquisition agency stated the cut may be possible under the condition of providing fewer technology transfers to Jakarta, since the project’s estimated cost is about 500 billion Korean won ($366 million) cheaper than previously expected.

Indonesia has offered to pay $439 million for the program, a decrease from the $1.2 billion originally agreed upon.

Despite missing payment deadlines and manpower retention issues, it has since contributed around $220 million to the project.

Seoul estimates that the first batch of 4.5-generation fighters will enter service by 2026.

Previous Pushbacks

Part of South Korea’s adjustments to the KF-21 program includes cutting the fighter’s first batch of units from 40 down to 20.

The decision was made in March after feasibility concerns required the aircraft to undergo additional air-to-air missile and radar capability tests.

Despite opting for a staggered approach to producing the jets, the country expects to have over 120 KF-21 units by 2032.

The fighters will replace the Republic of Korea Air Force’s F-4 and F-5 fleet, some of which have been in service since 1969.



Source link

Previous Post

Kettera Strategies Heat Map – April 2024

Next Post

Staff Concluding Statement of the 2024 Article IV Mission

Next Post
Staff Concluding Statement of the 2024 Article IV Mission

Staff Concluding Statement of the 2024 Article IV Mission

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

A guide to using Edits, Meta’s new CapCut rival for short-form video editing

A guide to using Edits, Meta’s new CapCut rival for short-form video editing

9 months ago
American Vanguard Expands Latin American Presence by Acquiring Punto Verde in Ecuador

American Vanguard Expands Latin American Presence by Acquiring Punto Verde in Ecuador

2 years ago
What to know about TikTok’s uncertain future in the US and the people who want to buy it

What to know about TikTok’s uncertain future in the US and the people who want to buy it

1 year ago
Facebook Groups can now go public without exposing members’ private posts

Facebook Groups can now go public without exposing members’ private posts

4 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2023 LBNN - All rights reserved.