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KORIBOR Rates Show Slight Increases Across Several Terms

Seoul: The Korea Interbank Offered Rates (KORIBOR) displayed minor changes today, with slight increases noted in several terms. The rates were posted by Yonhap Infomax, the financial news and information arm of Yonhap News Agency, at 11:00 a.m.

According to Yonhap News Agency, the 2-month KORIBOR rate rose from 2.70% in the previous session to 2.71% today. The 3-month rate saw a similar rise, increasing from 2.80% to 2.81%. The 6-month rate experienced a slight uptick from 2.84% to 2.85%.

Meanwhile, the 12-month rate showed a marginal decrease, moving from 2.96% to 2.95%. The 1-week and 1-month rates remained unchanged at 2.50% and 2.60%, respectively. These rates provide a benchmark for lending between banks and are closely watched by financial institutions and analysts.

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