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KORIBOR Rates Remain Steady Across Most Terms, Slight Increase in 12-Month Rate.

seoul: The Korea Interbank Offered Rates (KORIBOR) have shown stability across most terms in the latest update. The rates, as posted by Yonhap Infomax at 11:00 a.m., reflect no change in the shorter-term offerings, with both the 1-week and 1-month rates remaining consistent at 3.25% and 3.30%, respectively. According to Yonhap News Agency, the 2-month and 3-month rates also held steady at 3.34% and 3.40%. The 6-month term maintained its rate from the previous session at 3.40%. However, a slight increase was observed in the 12-month rate, which rose to 3.27% from the previous session's 3.24%. These rates are indicative of the lending costs that banks in South Korea agree upon and are critical benchmarks for various financial products and instruments. The stability in most terms suggests a consistent outlook in the interbank lending market, while the slight increase in the 12-month term may indicate adjusting expectations for the longer-term economic conditions. .

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