Seoul: The Korea Interbank Offered Rates (KORIBOR) demonstrated minor fluctuations in various maturity terms as recorded at 11:00 a.m. today. The rates, which reflect the borrowing cost between banks in South Korea, showed stability in shorter terms while exhibiting slight increases in longer terms.

According to Yonhap News Agency, the 1-week and 1-month rates remained unchanged at 2.50% and 2.60%, respectively, compared to the previous session. The 2-month rate increased marginally from 2.70% to 2.71%. The 3-month rate also saw an increase, moving from 2.81% to 2.83%.

The 6-month term observed a rise from 2.93% to 2.96%, while the 12-month rate experienced a more noticeable increase, climbing from 3.29% to 3.33%. These subtle changes in KORIBOR rates indicate slight adjustments in the interbank lending landscape in South Korea.