SEOUL - The Korea Interbank Offered Rates (KORIBOR), as reported by Yonhap Infomax, the financial news arm of Yonhap News Agency, were posted at 11:00 a.m. today. The rates are a benchmark for various financial instruments in South Korea.
According to Yonhap News Agency, the rates for different terms remained mostly stable compared to the previous session. The one-week (1-W) and one-month (1-M) rates were unchanged at 3.50 percent and 3.69 percent, respectively. Similarly, the two-month (2-M) and three-month (3-M) rates held steady at 3.82 percent and 3.99 percent. There was a slight decrease in the six-month (6-M) rate, dropping from 4.10 percent to 4.09 percent. The twelve-month (12-M) rate also saw a minor reduction from 4.12 percent to 4.09 percent.