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KORIBOR Rates Display Minor Adjustments Across Terms

Seoul: The Korea Interbank Offered Rates (KORIBOR) saw slight changes across various terms as reported at 11:00 a.m. by Yonhap Infomax, the financial news and information arm of Yonhap News Agency. Notably, the 1-week rate remained constant at 2.75%, while the 1-month rate experienced a minor increase from 2.80% to 2.81%.

According to Yonhap News Agency, the 2-month and 6-month rates held steady at 2.89% and 3.26% respectively. The 3-month rate saw a decrease, moving from 3.00% to 2.99%, and the 12-month rate also experienced a slight drop from 3.72% to 3.71%. These rates reflect the current lending environment among banks in South Korea.

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