Seoul: The Korea Interbank Offered Rates (KORIBOR), a crucial benchmark for interest rates in the country, exhibited minor changes across several term durations, as reported by Yonhap Infomax, the financial news and information arm of Yonhap News Agency, at 11:00 a.m.
According to Yonhap News Agency, the rates for the one-week and twelve-month terms remained steady at 2.75% and 2.57% respectively, compared to the previous session. The one-month rate also showed no change, holding at 2.72%. However, the two-month, three-month, and six-month rates saw slight decreases. The two-month term decreased from 2.71% to 2.70%, while the three-month rate fell from 2.69% to 2.68%. Similarly, the six-month rate edged down from 2.65% to 2.64%.