Korea Interbank Offered Rates Remain Steady with Minor Shift in 3-Month Term.

Seoul: The Korea Interbank Offered Rates (KORIBOR) have shown consistency across most terms, with only a slight change observed in the 3-month term. The rates, as reported, indicate stability in the short-term lending market among banks. According to Yonhap News Agency, the financial news and information arm of Yonhap News Agency, the rates for the 1-week, 1-month, 2-month, 6-month, and 12-month terms have remained unchanged compared to the previous session. The 1-week and 1-month terms are steady at 3.25% and 3.31% respectively, while the 2-month term remains at 3.34%. The 6-month and 12-month rates also show no movement, holding at 3.36% and 3.22% respectively. However, a minor decrease was noted in the 3-month term rate, which has shifted from 3.40% in the previous session to 3.39% in the current report. This slight adjustment reflects a small change in the cost of borrowing between banks for this specific term, while overall market rates demonstrate stability.