Seoul: The Korea Interbank Offered Rates (KORIBOR) remained steady across all terms as of the latest update. The rates, which serve as key indicators for lending between banks in South Korea, showed no variation from the previous session's figures, indicating a stable lending environment.

According to Yonhap News Agency, the rates announced by Yonhap Infomax at 11:00 a.m. were consistent with those of the prior session. The 1-week rate held firm at 2.50%, while the 1-month and 2-month rates remained at 2.68% and 2.85%, respectively. Longer-term rates also showed stability, with the 3-month rate at 3.02%, the 6-month rate at 3.27%, and the 12-month rate standing at 3.74%.

The unchanged KORIBOR rates suggest a persistent equilibrium in the interbank lending market, reflecting ongoing economic conditions. These rates are crucial for financial institutions in determining the cost of borrowing and setting interest rates for various financial products.