Seoul: The Korea Interbank Offered Rates (KORIBOR) have shown no movement as of the latest update. The rates, which serve as a benchmark for lending between banks in South Korea, remained consistent with previous figures across all terms.

According to Yonhap News Agency, the financial news and information division, Yonhap Infomax, posted the unchanged rates at 11:00 a.m. The 1-week rate stands at 2.50%, maintaining its position from the previous session. Similarly, the 1-month, 2-month, and 3-month rates all recorded figures of 2.51%, showing no fluctuation from their prior sessions. For longer terms, the 6-month rate continues at 2.52%, and the 12-month rate is steady at 2.53%.

The stability in KORIBOR reflects a period of consistency in the interbank lending environment, suggesting a stable short-term interest rate outlook. These rates are crucial for financial institutions in managing their short-term liquidity and assessing the cost of borrowing in the interbank market.