diff --git a/cmd/config/internal/commands/cmdset_test.go b/cmd/config/internal/commands/cmdset_test.go
index 78db9a8f0..8340f464c 100644
--- a/cmd/config/internal/commands/cmdset_test.go
+++ b/cmd/config/internal/commands/cmdset_test.go
@@ -941,6 +941,70 @@ spec:
 `,
 			errMsg: "cyclic substitution detected with name my-nested-subst",
 		},
+
+		{
+			name: "set v1 setter asm",
+			args: []string{"profilesetter", "my-asm"},
+			out:  "set 1 fields\n",
+			inputOpenAPI: `
+ `,
+			input: `
+apiVersion: install.istio.io/v1alpha2
+kind: IstioControlPlane
+metadata:
+  clusterName: "project-id/us-east1-d/cluster-name"
+spec:
+  profile: asm # {"type":"string","x-kustomize":{"setter":{"name":"profilesetter","value":"asm"}}}
+  hub:
+  - --gcr.io/asm-testing
+  - --gcr.io/asm-testing2
+ `,
+			expectedOpenAPI: `
+ `,
+			expectedResources: `
+apiVersion: install.istio.io/v1alpha2
+kind: IstioControlPlane
+metadata:
+  clusterName: "project-id/us-east1-d/cluster-name"
+spec:
+  profile: my-asm # {"type":"string","x-kustomize":{"setter":{"name":"profilesetter","value":"my-asm"}}}
+  hub:
+  - --gcr.io/asm-testing
+  - --gcr.io/asm-testing2
+ `,
+		},
+
+		{
+			name: "set v1 partial setter",
+			args: []string{"gcloud.core.project", "my-project"},
+			out:  "set 1 fields\n",
+			inputOpenAPI: `
+ `,
+			input: `
+apiVersion: install.istio.io/v1alpha2
+kind: IstioControlPlane
+metadata:
+  clusterName: "project-id/us-east1-d/cluster-name" # {"type":"string","x-kustomize":{"partialSetters":[{"name":"gcloud.core.project","value":"project-id"},{"name":"cluster-name","value":"cluster-name"},{"name":"gcloud.compute.zone","value":"us-east1-d"}]}}
+spec:
+  profile: asm # {"type":"string","x-kustomize":{"setter":{"name":"profilesetter","value":"asm"}}}
+  hub:
+  - --gcr.io/asm-testing
+  - --gcr.io/asm-testing2
+ `,
+			expectedOpenAPI: `
+ `,
+			expectedResources: `
+apiVersion: install.istio.io/v1alpha2
+kind: IstioControlPlane
+metadata:
+  clusterName: "my-project/us-east1-d/cluster-name" # {"type":"string","x-kustomize":{"partialSetters":[{"name":"gcloud.core.project","value":"my-project"},{"name":"cluster-name","value":"cluster-name"},{"name":"gcloud.compute.zone","value":"us-east1-d"}]}}
+spec:
+  profile: asm # {"type":"string","x-kustomize":{"setter":{"name":"profilesetter","value":"asm"}}}
+  hub:
+  - --gcr.io/asm-testing
+  - --gcr.io/asm-testing2
+ `,
+		},
 	}
 	for i := range tests {
 		test := tests[i]
diff --git a/kyaml/fieldmeta/fieldmeta.go b/kyaml/fieldmeta/fieldmeta.go
index cd44d5a8d..63d31174b 100644
--- a/kyaml/fieldmeta/fieldmeta.go
+++ b/kyaml/fieldmeta/fieldmeta.go
@@ -146,15 +146,13 @@ func isExtensionEmpty(x XKustomize) bool {
 // Write writes the FieldMeta to a node
 func (fm *FieldMeta) Write(n *yaml.RNode) error {
 	if !isExtensionEmpty(fm.Extensions) {
-		fm.Schema.VendorExtensible.AddExtension("x-kustomize", fm.Extensions)
-	} else {
-		delete(fm.Schema.VendorExtensible.Extensions, "x-kustomize")
+		return fm.WriteV1Setters(n)
 	}
 
 	// Ref is removed when a setter is deleted, so the Ref string could be empty.
 	if fm.Schema.Ref.String() != "" {
 		// Ex: {"$ref":"#/definitions/io.k8s.cli.setters.replicas"} should be converted to
-		// {"openAPI":"replicas"} and added to the line comment
+		// {"$openAPI":"replicas"} and added to the line comment
 		ref := fm.Schema.Ref.String()
 		var shortHandRefValue string
 		switch {
@@ -174,6 +172,18 @@ func (fm *FieldMeta) Write(n *yaml.RNode) error {
 	return nil
 }
 
+// WriteV1Setters is the v1 setters way of writing setter definitions
+// TODO: pmarupaka - remove this method after migration
+func (fm *FieldMeta) WriteV1Setters(n *yaml.RNode) error {
+	fm.Schema.VendorExtensible.AddExtension("x-kustomize", fm.Extensions)
+	b, err := json.Marshal(fm.Schema)
+	if err != nil {
+		return errors.Wrap(err)
+	}
+	n.YNode().LineComment = string(b)
+	return nil
+}
+
 // FieldValueType defines the type of input to register
 type FieldValueType string