Seoul: The Korea Interbank Offered Rates (KORIBOR) remained mostly stable, with slight changes observed in certain short-term lending rates. The rates, which are a crucial indicator of interbank borrowing costs in South Korea, were released by Yonhap Infomax at 11:00 a.m.

According to Yonhap News Agency, the 1-week KORIBOR held steady at 2.50% compared to the previous session. The 1-month rate saw a marginal increase from 2.64% to 2.65%. Similarly, the 2-month rate experienced a slight rise from 2.78% to 2.79%. The 3-month rate remained unchanged at 2.94%.

Further observations highlighted a small increment in the 6-month KORIBOR, which edged up from 3.12% to 3.13%. In contrast, the 12-month rate saw a slight decrease from 3.54% to 3.53%, indicating a minor downward adjustment in longer-term lending rates.

This snapshot of KORIBOR rates provides insight into the current cost of interbank lending in South Korea, reflecting the ongoing market conditions and monetary policy environment.