According to a report submitted on Tuesday by the Defense Acquisition Program Administration (DAPA) to Kang Dae-sik of the main opposition People Power Party (PPP), who leads the National Assembly's defense committee, the two countries reached an agreement in their working-level talks in February to transfer one of the six KF-21 prototypes, multi-role fighter jets dubbed "Boramae."
The value of the transfer is reportedly estimated at about 600 billion won (about U$400 million), almost equal to Indonesia's contribution to the development. The package includes a KF-21 prototype worth 350 billion won, 174.2 billion won for technology transfer and wages for Indonesian researchers, and 75.8 billion won for other costs.
Indonesia had initially agreed to cover about 20 percent of the total development costs, roughly 1.6 trillion won, but delayed payments citing economic difficulties, forcing South Korea to reduce the Southeast Asian country's contribution to 600 billion won last year.
Jakarta has so far paid 536 billion won of the total 600 billion won and plans to pay the remaining amount by June.
DAPA plans to decide when to hand over the prototype once full payment is made.
Separately, South Korea is also in talks with Indonesia to export 16 homegrown KF-21 aircraft.
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