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KORIBOR Rates Update: Slight Increases Observed in Longer Terms

Seoul: The Korea Interbank Offered Rates (KORIBOR) showed slight increases in several longer-term rates, according to data released by Yonhap Infomax, the financial news and information arm of Yonhap News Agency, at 11:00 a.m. today.

According to Yonhap News Agency, the 1-week rate remained stable at 2.75%, while the 1-month rate experienced a minor rise from 2.86% to 2.87%. In the 2-month term, the rate saw a slight increase to 2.97% from the previous session's 2.96%. The 3-month rate also edged up to 3.08% from 3.07%.

The 6-month and 12-month rates recorded more noticeable changes, with the 6-month rate climbing from 3.34% to 3.37%, and the 12-month rate moving up from 3.69% to 3.71%. These adjustments reflect subtle shifts in the interbank lending environment in South Korea.

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