Seoul: The Korea Interbank Offered Rates (KORIBOR) remained unchanged across various terms as reported by Yonhap Infomax, the financial news and information division of Yonhap News Agency, at 11:00 a.m. today.
According to Yonhap News Agency, the rates for the 1-week and 1-month terms stood consistently at 2.50% compared to the previous session. Similarly, the 2-month term also maintained a rate of 2.50%. The 3-month term held steady at 2.51%, while the 6-month and 12-month terms were stable at 2.55% and 2.54%, respectively.
The unchanged KORIBOR rates reflect stability in the interbank market. The rates play a crucial role in determining lending rates and influence financial markets across Korea.