Seoul:The Korea Interbank Offered Rates (KORIBOR) experienced a slight decline in most terms, as reported at 11:00 a.m.
According to Yonhap News Agency, the 1-week KORIBOR remained stable at 3.00%, while the 1-month rate decreased marginally from 3.14% to 3.13%. Similarly, the 2-month rate fell from 3.27% to 3.26%, and the 3-month rate saw a decrease from 3.40% to 3.38%.
The 6-month and 12-month rates also experienced declines, with the 6-month rate dropping from 3.78% to 3.75% and the 12-month rate decreasing from 4.09% to 4.05%. These changes reflect a minor adjustment in the interbank lending rates in South Korea.