Indonesia has proposed reducing its financial contribution to the joint KF-21 fighter jet development project with South Korea to approximately one-third of the originally agreed amount. South Korean media reported on Monday that Indonesia has offered to pay a total of $441.5 million (600 billion won) by 2026, significantly lower than the initially pledged 20% of the $6 billion (8.1 trillion won) project cost.

The revised proposal comes amid concerns over Indonesia’s delayed payments and its request to defer the payment deadline to 2034. South Korea maintains that the full payment should be made by the project’s 2026 development deadline. The South Korean government is reportedly in consultation with Indonesia regarding the proposal and has yet to decide whether to accept Jakarta’s proposal.