SEOUL: The Korea Interbank Offered Rates (KORIBOR) have shown slight decreases across several maturity terms, while remaining steady in others, as reported by Yonhap Infomax. The rates, which are crucial for financial institutions in South Korea for lending and borrowing, indicate a stable short-term lending environment with minor adjustments for longer terms.
According to Yonhap News Agency, the KORIBOR for the 1-week term remained unchanged at 3.25 percent from the previous session. Meanwhile, the 1-month rate experienced a slight decline from 3.32 percent to 3.31 percent. Similarly, the 2-month and 3-month rates both saw a minor reduction by 0.01 percentage points, standing at 3.35 percent and 3.40 percent, respectively. The half-year, or 6-month, rate also decreased marginally from 3.36 percent to 3.35 percent. The 12-month rate reflected a similar pattern, dropping from 3.21 percent to 3.20 percent.
These subtle movements in the KORIBOR suggest a cautious yet stable short-term economic outlook among So
uth Korean financial markets. The rates serve as a benchmark for various financial products and are closely watched by investors and policymakers for indications of economic trends.