As reported in Korean Media today, the FMS price per aircraft being offered to Korea is over $200M...~1000 won/dollar
Headline: [Exclusive] With a stiff price of F-35, new consideration for F-X program emerged
Media: Segye Times (01/07/13)
Author: Ahn Doo-won
The Defense Acquisition Program Administration is expected to report the estimated budget of KRW 15 trillion for the F-X program to the presidential transition team, if the ROK is to procure 60 Lockheed Martin-made F-35s. The price tag is overwhelmingly beyond the initially proposed budget of KRW 8.3 trillion, as this implies that the F-X program could enter a new phase of discussing and change the program’s overall structure. One government source was quoted as saying that “The manufacturer noted the unit price of F-35 will be around KRW 213 billion (excluding armament and transportation options), and for 60 jets, the overall cost could soar to the KRW 15 trillion-level.” The source also said other jets, Boeing’s F-15 and EADS’ Eurofighter, will have a price range of KRW 10-11 trillion as well. Another government official confirmed that the estimated prices were reported to Kim Jang-soo who leads a transition team handling external affairs, security and North Korea policies for President-elect Park Geun-hye. “It is unclear whether the new Park administration would continue to pursue the program, considering the latest budget has exceeded the original estimation,” the official said. Lockheed Martin’s F-35, which will be sold on the U.S.-government guaranteed foreign military sale has even less leverage for price discount, so the jet might be dropped out of the F-X race. A source from DAPA said: “We will not report specific prices when we are meeting with the transition team. F-35 is not the only candidate for the program, and if the procurement price exceeds 20 percent of the entire program budget, the feasibility study needs to be conducted - adding more difficulties to proceed with the F-X program.” Insiders at the ROKAF suggest the F-X should pick between F-15 and Eurofighter while excluding F-35 which comes with the KRW 15 trillion price tag. “Within the ROKAF, the discussion is moving from ‘the ROKAF must procure less number of stealth-proven F-35s despite the hefty price tag’ to ‘The Branch cannot wait any longer for the next-generation fighter jets’ activation.’”
Interesting. Don't know what defines a "stealth-proven F-35" since no such object exists.