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KORIBOR Rates Show Minimal Change Across Terms

Seoul: The Korea Interbank Offered Rates (KORIBOR) remained largely unchanged across all terms in the latest session. The figures, released by Yonhap Infomax, the financial news and information division of Yonhap News Agency, were posted at 11:00 a.m. today.

According to Yonhap News Agency, the KORIBOR rates for one-week, one-month, two-month, three-month, and six-month terms all stood steady at 2.50%, 2.58%, 2.63%, 2.70%, and 2.73% respectively, matching the rates from the previous session. The only slight change was noted in the 12-month term, which rose marginally from 2.77% to 2.78%.

The stability in the KORIBOR rates indicates a period of consistency in the interbank lending market in Korea, with the minor increase in the 12-month rate being the only exception. Such data is critical for financial institutions and investors as it influences a range of financial products and decisions.

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