The Financial News, a South Korean daily, said on Thursday that the UAE's Tawazun Economic Council had sent a letter to South Korea's Office of National Security explaining Abu Dhabi's desire in direct cooperation on the development of the KF-21.
Surprisingly, the letter allegedly requested that Abu Dhabi replace Indonesia's investment in the program.
Indonesia holds a 20% shareholding but has failed to meet its financial obligations. Jakarta, which had planned to purchase up to 50 KF-21s, joined the program in 2010 but fell behind on payments in 2017, owing an estimated $557 million by July 2022. In May, Jakarta attempted to assuage Seoul's fears by announcing a revised payment schedule
#KF21 #Southkorea #Fighterjet
