Seoul: The Korea Interbank Offered Rates (KORIBOR) remained stable in the shorter-term categories as reported by Yonhap Infomax, the financial news and information division of Yonhap News Agency, with minor fluctuations observed in longer-term rates. At 11:00 a.m., the 1-week and 1-month rates were both unchanged at 3.00% and 3.02%, respectively.
According to Yonhap News Agency, the 2-month rate also stayed constant at 3.04%. However, the 3-month rate experienced a slight decrease from 3.07% to 3.06%. Similarly, the 6-month rate saw a reduction, moving from 3.05% to 3.03%.
The 12-month rate exhibited a minor decline as well, shifting from 2.85% to 2.84%. These changes reflect the current trends in the interbank lending market, as financial institutions continue to monitor economic conditions.