Seoul: The Korea Interbank Offered Rates (KORIBOR) showed negligible changes, maintaining stability across most terms as reported at 11:00 a.m. by Yonhap Infomax, the financial news and information division of Yonhap News Agency.
According to Yonhap News Agency, the rates for the 1-week, 1-month, 2-month, and 3-month terms remained unchanged at 2.50%, 2.61%, 2.71%, and 2.81% respectively. The 6-month rate experienced a minor decrease from 2.85% to 2.84%, while the 12-month rate remained constant at 2.97%.
The stability of these rates indicates a period of calm in the financial market as the KORIBOR continues to reflect consistent lending conditions. The slight adjustment in the 6-month rate suggests minimal fluctuations in short-term borrowing costs.