KORIBOR Rates Remain Steady in Seoul

SEOUL – The Korea Interbank Offered Rates (KORIBOR), as reported by Yonhap Infomax, the financial news division of Yonhap News Agency, showed stable rates at 11:00 a.m. today. The KORIBOR rates, which are crucial indicators of the interbank lending rates in South Korea, demonstrated minor fluctuations in comparison to the previous session.

According to Yonhap News Agency, the rates for various terms remained mostly unchanged or showed slight changes. The one-week rate held steady at 3.50%, identical to the previous session's figure. The one-month rate saw a minimal increase, moving from 3.55% to 3.56%. For the two-month term, the rate remained constant at 3.59%, showing no change from the prior session. A slight increase was observed in the three-month rate, which edged up from 3.65% to 3.66%. The six-month and twelve-month rates, however, remained unchanged, standing at 3.64% and 3.58% respectively.

The stability of the KORIBOR rates reflects the current state of the interbank lending market in South Korea, providing insight into the broader financial landscape of the country.

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