South Korea and Indonesia expand cooperation on defense and energy as Mideast war disrupts markets


SEOUL, South Korea (AP) — South Korea and Indonesia agreed Wednesday to expand cooperation in defense industries, technology and supply chains as their leaders pledged to upgrade their strategic partnership in face of uncertainties stemming from the war in the Middle East, Seoul’s presidential office said.

After a summit in Seoul between President Lee Jae Myung and Indonesian President Prabowo Subianto, the two governments issued a joint statement pledging deeper economic ties and continued cooperation on joint defense projects, including fighter jets, trainer aircraft and anti-tank missile systems.

The two countries agreed to deepen cooperation on supply chains for energy, critical minerals and other resources. Lee described Indonesia as a vital source of natural gas and coal amid global energy disruptions caused by the war in the Middle East.

According to Lee’s government, South Korean companies will receive about 820,000 tons of liquefied natural gas from Indonesia this year, enough to power all of the country’s gas-fired plants for about 12 days.

The leaders expressed satisfaction with the two countries’ cooperation in developing South Korea’s homegrown KF-21 supersonic fighter, a program launched in 2015 with Indonesia as a partner. The first of these planes were rolled out last week and South Korea reportedly plans to export 16 of them to Indonesia.

The Associated Press



Source link

  • Related Posts

    America’s AI Build-Out Hinges on Chinese Electrical Parts

    Neither immediately relieves demand, which forces data center developers to look abroad. While most of the US’s transformers come from Canada, Mexico and South Korea, US utilities imported more than…

    How to Make Judges and Referees Pay

    A recent viral tweet, quoted by Elon Musk, points out that bartenders can be fined or even imprisoned if they serve alcohol to patrons who later kill someone while under…

    Leave a Reply

    Your email address will not be published.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

    You Missed

    Warning to patients ahead of next doctors’ strike

    Warning to patients ahead of next doctors’ strike

    Baidu’s robotaxis froze in traffic creating chaos

    Baidu’s robotaxis froze in traffic creating chaos

    America’s AI Build-Out Hinges on Chinese Electrical Parts

    Woman convicted of killing stepson wins reprieve to stay in Canada five years after she was ordered deported

    Women’s Final Four preview: Why each team can win in Phoenix

    Women’s Final Four preview: Why each team can win in Phoenix

    Why Do Cargo Carriers Still Avoid Twin-Engine Replacements?

    Why Do Cargo Carriers Still Avoid Twin-Engine Replacements?