Seoul: The Korea Interbank Offered Rates (KORIBOR) remained steady across most terms, with a minor change observed in the 12-month term.

According to Yonhap News Agency, the financial news and information arm of Yonhap News Agency, the 12-month KORIBOR increased slightly to 2.80% from the previous session's 2.78%.

The data released at 11:00 a.m. indicated that the rates for the 1-week, 1-month, 2-month, 3-month, and 6-month terms remained unchanged at 2.50%, 2.58%, 2.63%, 2.70%, and 2.73% respectively. Market participants closely monitor these rates as they reflect the borrowing costs among banks in South Korea.