Seoul: The Korea Interbank Offered Rates (KORIBOR) remain stable across most terms, with minor changes observed in some categories as of the latest update. The rates, published by Yonhap Infomax, reflect the borrowing costs in the South Korean money market.
According to Yonhap News Agency, the 1-week KORIBOR rate holds steady at 2.50%, while the 1-month rate has increased slightly from 2.58% to 2.59%. Similarly, the 2-month term shows a marginal rise from 2.66% to 2.67%.
The 3-month and 6-month KORIBOR rates remain unchanged at 2.77% and 2.84%, respectively. Notably, the 12-month term exhibits a slight increase, moving from 3.12% to 3.14%. These rates provide insight into the current conditions of the financial market, indicating a stable yet slightly upward trend in short- to medium-term borrowing costs.