Seoul: The Korea Interbank Offered Rates (KORIBOR) remained stable across most terms as posted 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 1-Week and 1-Month terms held steady at 2.50% and 2.51%, respectively, mirroring the figures from the previous session. Similarly, the 2-Month and 6-Month rates remained unchanged at 2.51% and 2.52%, respectively.
The 3-Month term experienced a minor shift, decreasing from 2.51% in the previous session to 2.50% today. Meanwhile, the 12-Month term continued at a consistent rate of 2.53%.
These rates indicate a period of stability in the interbank lending market in Korea, reflecting consistent demand and supply dynamics over the various terms offered.