Seoul: The Korea Interbank Offered Rates (KORIBOR) remained steady as of the latest update, with no changes recorded across all terms. This stability in rates was observed during the morning session, reflecting consistent borrowing costs in the interbank market.

According to Yonhap News Agency, the rates for one-week, one-month, and two-month terms were recorded at 3.25%, 3.30%, and 3.34% respectively. Similarly, the three-month and six-month rates stood unchanged at 3.40%, while the twelve-month rate was stable at 3.24%. These rates are pivotal in determining the cost of borrowing among banks in South Korea, influencing various financial products and services.

The unchanged KORIBOR rates suggest a period of stability in the financial markets, providing a predictable environment for financial institutions. Yonhap Infomax, a source of financial news and information, provides these rates to assist in understanding market conditions and making informed financial decisions.