Search
Close this search box.
KORIBOR Rates Remain Stable with Minor Changes in 3-Month and 12-Month Terms

Seoul: The Korea Interbank Offered Rates (KORIBOR) were reported by Yonhap Infomax, the financial news and information service of Yonhap News Agency, showing stability in most terms with slight fluctuations in others. As of 11:00 a.m., the rates for various terms were announced, reflecting the current lending environment among South Korean banks.

According to Yonhap News Agency, the 1-week and 1-month KORIBOR rates remained unchanged at 2.75% and 2.83%, respectively. The 2-month rate also held steady at 2.90%. A minor increase was observed in the 3-month rate, which inched up from 2.99% to 3.00%. The 6-month rate showed no change, maintaining a level of 3.26%. Meanwhile, the 12-month rate experienced a slight decrease from 3.64% to 3.63%.

ADVERTISEMENT