Seoul: The Korea Interbank Offered Rates (KORIBOR) showed stability with minor fluctuations as posted by Yonhap Infomax, the financial news and information arm of Yonhap News Agency, at 11:00 a.m. The rates mostly remained unchanged compared to the previous session.
According to Yonhap News Agency, the 1-week KORIBOR rate was steady at 2.50%, maintaining its position from the previous session. Similarly, the 1-month and 2-month rates also held firm at 2.51%. The 3-month rate experienced a slight decrease, moving from 2.53% to 2.52%.
The 6-month and 12-month rates remained unchanged at 2.51%, consistent with the previous session's figures. These rates reflect the borrowing costs among banks in Korea and are key indicators for financial markets in the region.