Seoul: The Korea Interbank Offered Rates (KORIBOR) remained mostly unchanged across various terms as of 11:00 a.m., according to the latest data released by Yonhap Infomax, the financial news and information arm of Yonhap News Agency.
According to Yonhap News Agency, the rates for the 1-week, 1-month, and 2-month terms held steady at 2.75%, 2.72%, and 2.69% respectively, compared to the previous session. The 3-month rate also showed no change, maintaining its position at 2.67%.
The 6-month term experienced a slight decrease, dropping from 2.63% to 2.62%. Conversely, the 12-month term saw a marginal increase from 2.56% to 2.57%. These minor adjustments indicate a stable trend in the short to mid-term interbank lending rates in Korea.