Seoul: The Korea Interbank Offered Rates (KORIBOR) reflected slight movements in various term rates as reported by Yonhap Infomax, the financial news and information arm of Yonhap News Agency, at 11:00 a.m. The data indicated minimal changes across different term periods when compared to the previous session.

According to Yonhap News Agency, the 1-week rate remained steady at 2.50%, showing no change from the previous session. The 1-month rate experienced a slight increase, moving from 2.61% to 2.62%. The 2-month rate remained constant at 2.73%, while the 3-month rate saw a small rise from 2.84% to 2.85%.

Further observations showed that the 6-month rate increased from 2.98% to 3.00%. The most significant change was observed in the 12-month rate, which rose from 3.37% to 3.41%. These rates play a crucial role in the financial markets as they influence the lending rates between banks in South Korea.