Seoul: The Korea Interbank Offered Rates (KORIBOR) experienced slight increases across most terms, according to the latest figures released. The rates, as posted by Yonhap Infomax, were recorded at 11:00 a.m.
According to Yonhap News Agency, the 1-week KORIBOR rate remained stable at 3.00%, the same as the previous session. The 1-month rate saw a minor increase, moving from 3.10% to 3.11%. Similarly, the 2-month rate rose slightly from 3.19% to 3.20%.
The 3-month KORIBOR rate increased from 3.30% to 3.32%, while the 6-month rate went up from 3.61% to 3.64%. The 12-month rate experienced a more noticeable rise from 3.93% to 3.97%. These changes reflect a general upward trend in interbank offered rates in Korea.