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South Korea, Indonesia Sign Agreements on Minerals, Tech and Finance During Prabowo Visit

SEOUL, April 1 (Reuters) – South Korean President ⁠Lee ⁠Jae Myung held talks in ⁠Seoul on Wednesday with Indonesian leader Prabowo Subianto, ​where they agreed to expand cooperation on critical minerals, technology, and clean energy, ‌Seoul’s presidential Blue House said.

The ‌leaders met after an official welcome ceremony at the Blue ⁠House, followed ⁠by a summit, and oversaw the signing of multiple memoranda ​of understanding before a luncheon, according to the presidential schedule.

The Indonesian president is also due to attend a business forum in Seoul later on Wednesday ​as part of his state visit, it said.

The agreements also include ⁠support for ⁠projects in renewable energy ⁠and ​data centres as the two countries elevate their relationship into a strategic ​partnership.

No deals were announced ⁠on defence cooperation, including on the joint project between the countries to develop South Korea’s homegrown KF-21 fighter jet.

Korea Aerospace Industries last month said it was in talks with Indonesia on a potential sale ⁠of KF-21 fighter jets, but said no decisions had been made. Media ⁠reports said that Jakarta was considering purchasing an initial batch of 16 aircraft.

South Korea expects Indonesia to complete a payment related to the joint development programme by the end of this year, an official told Reuters.

The two countries were also expected to advance defence ties, as well as strengthen cooperation in new growth areas such as artificial intelligence, infrastructure, shipbuilding, nuclear power, ⁠energy conversion, and cultural industries, the Blue House said in an earlier statement.

Lee is also set to award Prabowo South Korea’s highest civilian honour, the Grand Order of Mugunghwa, during the ​state visit, it said.

(Reporting by Joyce Lee, Kyu-seok Shim ​and Heejin KimEditing by Ed Davies)

Copyright 2026 Thomson Reuters.

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