Seoul: The Korea Interbank Offered Rates (KORIBOR) as reported at 11:00 a.m. have shown minor fluctuations in various term rates. The KORIBOR, which serves as a significant benchmark for lending rates in South Korea, highlights the cost at which banks lend to one another within the country.

According to Yonhap News Agency, the 1-Week KORIBOR remained stable at 2.50% compared to the previous session. Meanwhile, the 1-Month rate saw a slight increase, moving from 2.58% to 2.59%. Similar modest rises were observed in the 2-Month and 3-Month rates, with both terms increasing by 0.01%, reaching 2.67% and 2.76% respectively.

The report further indicates that the 6-Month and 12-Month rates also experienced a minor uptick. The 6-Month rate edged up to 2.81% from 2.80%, while the 12-Month rate increased from 2.95% to 2.96%. These changes reflect the subtle shifts in the interbank lending environment as posted by Yonhap Infomax, the financial news and information division of Yonhap News Agency.