Seoul: The Korea Interbank Offered Rates (KORIBOR) have been reported with minor changes in longer-term rates, based on the latest data released by Yonhap Infomax, the financial news and information division of Yonhap News Agency, at 11:00 a.m. today. The rates for shorter terms, including 1-week, 1-month, 2-month, and 3-month, have remained constant at 3.00%.
According to Yonhap News Agency, the 6-month KORIBOR saw a slight decrease from 2.99% to 2.98%. Furthermore, the 12-month rate also experienced a minor reduction, moving from 2.86% to 2.85%. These changes indicate a subtle shift in the interbank offered rates for longer-term borrowing within the Korean financial market.