In the joint project, while Seoul holds 80% of the shares, the remaining 20% is sought by Jakarta.
Friday’s event at the KAI headquarters was attended by President Moon Jae-in and representatives from Indonesia including its Minister of Defense Prabowo Subianto.
Moon saluted Indonesia for its role, saying, “In particular, I thank the Indonesian government for becoming a partner who believed in the potential of South Korea.”
Moon, who has sought to boost the defence industry to spur…