South Korea's Joint Chiefs of Staff endorsed a plan on Friday for the country to design its own mid-level fighter jet, which a state think tank estimated will cost up to 8.5 trillion won ($8.24 billion) to develop.
Dubbed the KF-X programme, the fighter jet is expected to be built by the country's sole jet builder, Korea Aerospace Industries Ltd (KAI), after being co-developed with Lockheed Martin Corp, two people with direct knowledge of the matter said.
The Joint Chiefs said in a statement that they had endorsed a twin-engine fighter jet to be developed for delivery starting in 2025.
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