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Korea Interbank Offered Rates Hold Steady Across All Terms

Seoul: The Korea Interbank Offered Rates (KORIBOR) remained unchanged across all terms as of the latest update. This information was made available by Yonhap Infomax, the financial news and information division of Yonhap News Agency, at 11:00 a.m.

According to Yonhap News Agency, the rates for 1-week, 1-month, 2-month, and 3-month terms stood at 2.50%, showing no change from the previous session. Similarly, the 6-month and 12-month terms remained steady with rates of 2.52% and 2.51%, respectively.

The consistency in KORIBOR across these terms indicates stability in short to medium-term borrowing costs in the Korean interbank market. These rates are crucial for financial institutions as they guide the lending rates between banks.

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