SEOUL — The Korea Interbank Offered Rates (KORIBOR) were reported by Yonhap Infomax on Tuesday, showing minor changes from the previous session across various terms. KORIBOR is a significant benchmark for interbank lending rates within South Korea.
According to Yonhap News Agency, rates for one-week terms held steady at 3.50%, while the one-month rate saw a slight decrease from 3.54% to 3.53%. The two-month and three-month terms recorded minimal declines, and the six-month term decreased to 3.57% from 3.58%. Notably, the twelve-month rate also dipped slightly to 3.49% from 3.50%. These adjustments reflect ongoing fluctuations in the financial markets that influence lending rates among banks.