Seoul:The Korea Interbank Offered Rates (KORIBOR) have shown a slight decline in longer-term rates as of the latest posting.
According to Yonhap News Agency, the rates, which were reported by Yonhap Infomax at 1100 a.m., remained steady for the 1-week and 1-month terms at 3.00% and 3.14%, respectively.
The 2-month rate experienced a minor decrease from 3.28% to 3.27%. Similarly, the 3-month rate fell from 3.41% to 3.40%, and the 6-month rate dropped from 3.79% to 3.78%. The most significant change was observed in the 12-month term, which decreased from 4.13% to 4.09%.