Seoul: The Korea Interbank Offered Rates (KORIBOR) experienced a slight decrease in several terms as reported at 11:00 a.m. This information was released by Yonhap Infomax, the financial news and information arm of Yonhap News Agency.

According to Yonhap News Agency, the rates for the 1-week term remained unchanged at 2.50%, while the 1-month term decreased slightly to 2.67% from 2.68% in the previous session. The 2-month term also saw a small decline to 2.87% from 2.88%. Additionally, the 3-month term rate fell to 3.05% from 3.07%.

The 6-month and 12-month terms also exhibited minor reductions, with the 6-month term decreasing to 3.29% from 3.30%, and the 12-month term slightly dropping to 3.73% from 3.74%. These changes indicate a marginal downward trend in the interbank rates for these terms.