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Saturday, March 02, 2013

S. Korea KFX Fighter Deal On Hold Again As Park Takes Presidency

Korea Aerospace Industries KF-X |South Korea has decided to put an $8 billion project with Indonesia to develop state-of-the art fighter jets on hold for 18 months, in the latest delay to the plan.

“It will be postponed for one-and-a-half years because of the recent transition of power in South Korea,” Indonesian Defense Ministry spokesman Pos Hutabarat said.

South Korea on Monday marked the inauguration of President Park Geun-hye, the country’s first female president.

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