Accra:Seoul The Korea Interbank Offered Rates (KORIBOR) were released by Yonhap Infomax at 1100 a.m., detailing the interest rates for various lending terms among South Korean banks.
According to Yonhap News Agency, the rates for the 1-week and 1-month terms remained unchanged at 3.00% and 3.13%, respectively. Similarly, the 2-month rate held steady at 3.25%.
The 3-month term saw a slight increase, moving from 3.37% in the previous session to 3.38%. In the longer-term rates, the 6-month and 12-month terms experienced minor increases, with the former rising from 3.76% to 3.77%, and the latter from 4.00% to 4.01%.