The Peruvian Navy Pohang-class corvette BAP Guise (CC-28). The vessel was previously in service with the Republic of Korea Navy. Indonesia is hoping to receive similar vessels from South Korea and has proposed to take on foreign loans to fund the possible acquisition. (US Coast Guard)

In an apparent about-turn, the Indonesian Ministry of Finance (MoF) has approved a previously rejected proposal for the country to purchase ex-Republic of Korea Navy (RoKN) Pohang-class corvettes with foreign-sourced loans.

The approval was confirmed in a notice issued by the MoF to the Indonesian Ministry of Defense (MoD) on 7 December. A copy of the notice was provided to Janes by a source close to the matter in late January 2023.

Janes first reported in October 2022 that the MoD had requested to procure at least one ex-RoKN Pohang-class corvette as a stopgap measure for the Indonesian Navy. The ministry had also proposed that the procurement be financed with funds from a foreign lender. This proposal was rejected by the MoF then, but no reasons were given.

The Peruvian Navy Pohang-class corvette BAP Guise (CC-28). The vessel was previously in service with the Republic of Korea Navy. Indonesia is hoping to receive similar vessels from South Korea and has proposed to take on foreign loans to fund the possible acquisition. (US Coast Guard)

In an apparent about-turn, the Indonesian Ministry of Finance (MoF) has approved a previously rejected proposal for the country to purchase ex-Republic of Korea Navy (RoKN) Pohang-class corvettes with foreign-sourced loans.

The approval was confirmed in a notice issued by the MoF to the Indonesian Ministry of Defense (MoD) on 7 December. A copy of the notice was provided to Janes by a source close to the matter in late January 2023.

Janes first reported in October 2022 that the MoD had requested to procure at least one ex-RoKN Pohang-class corvette as a stopgap measure for the Indonesian Navy. The ministry had also proposed that the procurement be financed with funds from a foreign lender. This proposal was rejected by the MoF then, but no reasons were given.

The Peruvian Navy Pohang-class corvette BAP Guise (CC-28). The vessel was previously in service with the Republic of Korea Navy. Indonesia is hoping to receive similar vessels from South Korea and has proposed to take on foreign loans to fund the possible acquisition. (US Coast Guard)

In an apparent about-turn, the Indonesian Ministry of Finance (MoF) has approved a previously rejected proposal for the country to purchase ex-Republic of Korea Navy (RoKN) Pohang-class corvettes with foreign-sourced loans.

The approval was confirmed in a notice issued by the MoF to the Indonesian Ministry of Defense (MoD) on 7 December. A copy of the notice was provided to Janes by a source close to the matter in late January 2023.

Janes first reported in October 2022 that the MoD had requested to procure at least one ex-RoKN Pohang-class corvette as a stopgap measure for the Indonesian Navy. The ministry had also proposed that the procurement be financed with funds from a foreign lender. This proposal was rejected by the MoF then, but no reasons were given.

The Peruvian Navy Pohang-class corvette BAP Guise (CC-28). The vessel was previously in service with the Republic of Korea Navy. Indonesia is hoping to receive similar vessels from South Korea and has proposed to take on foreign loans to fund the possible acquisition. (US Coast Guard)

In an apparent about-turn, the Indonesian Ministry of Finance (MoF) has approved a previously rejected proposal for the country to purchase ex-Republic of Korea Navy (RoKN) Pohang-class corvettes with foreign-sourced loans.

The approval was confirmed in a notice issued by the MoF to the Indonesian Ministry of Defense (MoD) on 7 December. A copy of the notice was provided to Janes by a source close to the matter in late January 2023.

Janes first reported in October 2022 that the MoD had requested to procure at least one ex-RoKN Pohang-class corvette as a stopgap measure for the Indonesian Navy. The ministry had also proposed that the procurement be financed with funds from a foreign lender. This proposal was rejected by the MoF then, but no reasons were given.

The Peruvian Navy Pohang-class corvette BAP Guise (CC-28). The vessel was previously in service with the Republic of Korea Navy. Indonesia is hoping to receive similar vessels from South Korea and has proposed to take on foreign loans to fund the possible acquisition. (US Coast Guard)

In an apparent about-turn, the Indonesian Ministry of Finance (MoF) has approved a previously rejected proposal for the country to purchase ex-Republic of Korea Navy (RoKN) Pohang-class corvettes with foreign-sourced loans.

The approval was confirmed in a notice issued by the MoF to the Indonesian Ministry of Defense (MoD) on 7 December. A copy of the notice was provided to Janes by a source close to the matter in late January 2023.

Janes first reported in October 2022 that the MoD had requested to procure at least one ex-RoKN Pohang-class corvette as a stopgap measure for the Indonesian Navy. The ministry had also proposed that the procurement be financed with funds from a foreign lender. This proposal was rejected by the MoF then, but no reasons were given.

The Peruvian Navy Pohang-class corvette BAP Guise (CC-28). The vessel was previously in service with the Republic of Korea Navy. Indonesia is hoping to receive similar vessels from South Korea and has proposed to take on foreign loans to fund the possible acquisition. (US Coast Guard)

In an apparent about-turn, the Indonesian Ministry of Finance (MoF) has approved a previously rejected proposal for the country to purchase ex-Republic of Korea Navy (RoKN) Pohang-class corvettes with foreign-sourced loans.

The approval was confirmed in a notice issued by the MoF to the Indonesian Ministry of Defense (MoD) on 7 December. A copy of the notice was provided to Janes by a source close to the matter in late January 2023.

Janes first reported in October 2022 that the MoD had requested to procure at least one ex-RoKN Pohang-class corvette as a stopgap measure for the Indonesian Navy. The ministry had also proposed that the procurement be financed with funds from a foreign lender. This proposal was rejected by the MoF then, but no reasons were given.