Seoul: The Korea Interbank Offered Rates (KORIBOR), a benchmark for lending rates among banks in South Korea, showed stability with slight changes in some terms as reported at 11:00 a.m. by Yonhap Infomax, the financial news and information arm of Yonhap News Agency. Most of the rates remained unchanged from the previous session, indicating a period of steadiness in the interbank lending environment.
According to Yonhap News Agency, the KORIBOR for the 1-week and 1-month terms remained consistent at 2.50% and 2.62%, respectively, mirroring the previous session's figures. The 2-month term saw a minor rise to 2.74% from 2.73%, reflecting a slight upward adjustment. Meanwhile, the 3-month and 6-month terms held steady at 2.85% and 3.00%, respectively, indicating no change.
The 12-month term experienced a slight increase, moving to 3.42% from the previous session's 3.41%. This adjustment suggests a marginal shift in longer-term lending expectations among banks. Overall, the KORIBOR figures indicate a largely stable lending rate environment with minor fluctuations in certain terms.