Seoul: The Korea Interbank Offered Rates (KORIBOR) have shown stability across most terms according to the latest report. The rates, released by Yonhap Infomax, the financial news and information arm of Yonhap News Agency, at 11:00 a.m., demonstrate minimal changes from the previous session.
According to Yonhap News Agency, the KORIBOR for the one-week, one-month, two-month, and three-month terms remained unchanged at 2.50%, 2.60%, 2.68%, and 2.78% respectively. Similarly, the six-month term continued at 2.85%. However, the 12-month term showed a slight increase, moving from 3.10% in the previous session to 3.11% today.
This information reflects the current interbank lending rates in South Korea, which play a role in the financial and economic activities within the country. These rates are critical for financial institutions as they influence lending and borrowing activities.