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KORIBOR Rates Remain Largely Unchanged with Slight Adjustment for 3-Month Term

Seoul: The Korea Interbank Offered Rates (KORIBOR), as reported by Yonhap Infomax, have shown stability across most lending terms, with a minor adjustment noted in the 3-month rate. At 11:00 a.m., the rates for various terms were posted, reflecting the interbank lending costs in South Korea.

According to Yonhap News Agency, the rates for the 1-week, 1-month, 2-month, 6-month, and 12-month terms remained unchanged from the previous session. Specifically, the 1-week rate held steady at 2.50%, the 1-month rate at 2.52%, the 2-month rate at 2.53%, the 6-month rate at 2.54%, and the 12-month rate at 2.56%.

A slight change was observed in the 3-month term, where the rate decreased from 2.56% to 2.55%. This minor adjustment indicates a marginal shift in the lending landscape for this specific duration, while other periods experienced no change.

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