Korea Interbank Offered Rates Remain Largely Steady with Slight Increase in 12-Month Term.

Seoul: The Korea Interbank Offered Rates (KORIBOR), as reported by Yonhap Infomax, remained largely steady across most terms today, with a slight increase observed in the 12-month term. The data was posted at 11:00 a.m. and reflects the current lending rates between banks.According to Yonhap News Agency, the rates for the 1-week, 1-month, 2-month, and 3-month terms held firm at 3.25%, 3.30%, 3.34%, and 3.41%, respectively, matching the previous session's figures. The 6-month term also remained unchanged at 3.41%. However, the 12-month term showed a minor increase from 3.24% to 3.25%.These figures indicate stability across short- and medium-term rates, with only a slight adjustment in the long-term rate. Such stability in the interbank offered rates is crucial for financial institutions as they set benchmarks for various lending and borrowing activities within the country. The changes in the 12-month term, though slight, may impact long-term financial planning and lending strategies.