SEOUL – The latest Korea Interbank Offered Rates (KORIBOR) were posted by Yonhap Infomax.
According to Yonhap News Agency, The rates for various terms are as follows:
1-Week rate remained steady at 3.50 percent, unchanged from the previous session.
1-Month rate also held constant at 3.69 percent.
2-Month rate was stable at 3.83 percent.
3-Month rate slightly decreased from 4.01 percent to 4.00 percent.
6-Month rate experienced a minor decline from 4.06 percent to 4.05 percent.
12-Month rate reduced from 4.04 percent to 4.02 percent.
These rates represent the average interest rates at which a panel of banks in South Korea are willing to lend to one another and are a standard benchmark for financial products and interest rates within the country.