Seoul: The Korea Interbank Offered Rates (KORIBOR) remained largely unchanged in the latest session, as reported at 11:00 a.m. by Yonhap Infomax, the financial arm of Yonhap News Agency. The data indicates a stable trend across various terms, with only the 12-month rate showing a slight increase.

According to Yonhap News Agency, the rates for the 1-week, 1-month, 2-month, 3-month, and 6-month terms remained constant at 3.25%, 3.31%, 3.34%, 3.40%, and 3.37% respectively, compared to the previous session. The 12-month rate showed a minor increase from 3.23% to 3.24%. This stability in the KORIBOR is seen as an indicator of consistent market conditions.

The Korea Interbank Offered Rates are crucial for financial transactions in South Korea, serving as a benchmark for various financial products. The stability of these rates suggests a balanced demand and supply in the interbank market, reflecting the current economic conditions.