KORIBOR Rates Hold Steady in Latest Update

SEOUL - The Korea Interbank Offered Rates (KORIBOR) remained unchanged in several key terms, as reported at 11:00 a.m. by Yonhap Infomax.

According to Yonhap News Agency, the financial news and data service, rates for the 1-week and 1-month terms held at 3.50 percent and 3.65 percent, respectively. Similarly, the 2-month term rate stayed at 3.79 percent, and the 6-month term rate was consistent at 4.08 percent. The 3-month term saw a slight increase from the previous session, rising from 3.95 percent to 3.96 percent. The 12-month rate showed a minor decrease, dropping from 4.16 percent to 4.15 percent.

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