The benchmark interest rate in South Korea was last recorded at 2.50 percent. This dataset provides - South Korea Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about South Korea Long Term Interest Rate

• South Korea Long Term Interest Rate: Month End: South Korea: Treasury Bond Yield: 10 Years was reported at 3.34 % pa in Nov 2025, compared with 3.06 % pa in the previous month.
• South Korea Long Term Interest Rate data is updated monthly, available from Jul 2001 to Nov 2025.
• The data reached an all-time high of 7.25 % pa in Mar 2002 and a record low of 1.28 % pa in Aug 2019.
• Long Term Interest Rate is reported by reported by CEIC Data.

• In the latest reports, South Korea Short Term Interest Rate: Month End: KORIBOR: 3 Months was reported at 2.78 % pa in Nov 2025.
• The cash rate (Policy Rate: Month End: Base Rate: Bank of Korea) was set at 2.50 % pa in Nov 2025.
• South Korea Exchange Rate against USD averaged 1,423.08 (USD/KRW) in Oct 2025.

Key information about South Korea Short Term Interest Rate

• South Korea Short Term Interest Rate: Month End: KORIBOR: 3 Months was reported at 2.78 % pa in Nov 2025, compared with 2.59 % pa in the previous month.
• South Korea Short Term Interest Rate data is updated monthly, available from Jul 2004 to Nov 2025.
• The data reached an all-time high of 5.87 % pa in Oct 2008 and a record low of 0.58 % pa in Jul 2020.
• Short Term Interest Rate is reported by reported by Yonhapinfomax Inc..

• In the latest reports, South Korea Long Term Interest Rate: Month End: South Korea: Treasury Bond Yield: 10 Years was reported at 3.34 % pa in Nov 2025.
• The cash rate (Policy Rate: Month End: Base Rate: Bank of Korea) was set at 2.50 % pa in Nov 2025.
• South Korea Exchange Rate against USD averaged 1,423.08 (USD/KRW) in Oct 2025.

Deposit Interest Rate in South Korea increased to 2.52 percent in September from 2.49 percent in August of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in South Korea.

According to a survey on homeownership in South Korea in January 2023, those aged 60 years and older were most likely to answer that they should own their house despite rising interest rates among age groups. On average, around ** percent of respondents agreed that they should own a home even in the case of rising interest rates and higher loan burdens.

Korea Deposit Interest Rate data was reported at 1.670 % pa in 2017. This records an increase from the previous number of 1.558 % pa for 2016. Korea Deposit Interest Rate data is updated yearly, averaging 4.152 % pa from Dec 1997 (Median) to 2017, with 21 observations. The data reached an all-time high of 13.287 % pa in 1998 and a record low of 1.558 % pa in 2016. Korea Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Korea – Table KR.World Bank.WDI: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

korea - Interest Rates, Discount Rate for Republic of Korea was 1.00000 % per Annum in May of 2025, according to the United States Federal Reserve. Historically, korea - Interest Rates, Discount Rate for Republic of Korea reached a record high of 28.00000 in December of 1965 and a record low of 0.25000 in March of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for korea - Interest Rates, Discount Rate for Republic of Korea - last updated from the United States Federal Reserve on November of 2025.

Korea Lending Interest Rate data was reported at 3.477 % pa in 2017. This records an increase from the previous number of 3.368 % pa for 2016. Korea Lending Interest Rate data is updated yearly, averaging 5.904 % pa from Dec 1997 (Median) to 2017, with 21 observations. The data reached an all-time high of 15.279 % pa in 1998 and a record low of 3.368 % pa in 2016. Korea Lending Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Korea – Table KR.World Bank.WDI: Interest Rates. Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Key information about South Korea Policy Rate

• South Korea cash rate (Policy Rate: Month End: Base Rate: Bank of Korea) was set at 2.50 % pa in Nov 2025, compared with 2.50 % pa in the previous Oct 2025.
• South Korea Policy Rate averaged 0.00 % pa and is updated monthly, available from May 1999 to Nov 2025.

• In the latest reports, South Korea Short Term Interest Rate: Month End: KORIBOR: 3 Months was reported at 2.78 % pa in Nov 2025.
• Its Long Term Interest Rate (Long Term Interest Rate: Month End: South Korea: Treasury Bond Yield: 10 Years) was reported at 3.34 % pa in Nov 2025.
• South Korea Exchange Rate against USD averaged 1,423.08 (USD/KRW) in Oct 2025.
• Its Real Effective Exchange Rate was 77.42 in Oct 2025.

korea - Interest Rates, Government Securities, Government Bonds for Republic of Korea was 2.61800 % per Annum in May of 2025, according to the United States Federal Reserve. Historically, korea - Interest Rates, Government Securities, Government Bonds for Republic of Korea reached a record high of 32.60000 in March of 1980 and a record low of 1.23100 in August of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for korea - Interest Rates, Government Securities, Government Bonds for Republic of Korea - last updated from the United States Federal Reserve on November of 2025.

In 2022, about ** trillion South Korean won in bogeumjari loans (mortgages) with a term of 30 years were issued in South Korea. The largest lender in terms of loan amount that year was Hana Bank, followed by Kookmin Bank.

Mortgage loans in South Korea Many prospective first-time homeowners took out bogeumjari loans due to their fixed and favorable rates. Other large banks in the country providing such loans include Shinhan Bank, Woori Bank, and NH Nonghyup Bank. Throughout the second quarter of 2023, the combined value of mortgage loans offered by the largest banks in South Korea continued to increase.

Rising household debt However, there are concerns about worsening household debt as loans are issued with higher interest rates. Interest rates for mortgage loans rose between 2021 and 2023 following the central bank base rate increases. Unsurprisingly, the national household loan delinquency rate has increased within the past year. As rising inflation and interest rates typically negatively impact household spending habits, the amount of loans provided is expected to slow.

Key information about South Korea Bank Lending Rate

• South Korea Bank Lending Rate was reported at 4.020 % pa in Oct 2025.
• This records a decrease from the previous number of 4.030 % pa for Sep 2025.
• South Korea Bank Lending Rate data is updated monthly, averaging 5.340 % pa from Jan 1996 to Oct 2025, with 358 observations.
• The data reached an all-time high of 17.010 % pa in Jan 1998 and a record low of 2.630 % pa in Aug 2020.
• South Korea Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

The value of mortgage loans provided by the five largest banks in South Korea combined stood at approximately *** trillion South Korean won in July 2023. Figures have seen a steady increase in the mortgage loan balance of the banks in the past several months.

Rising interest rates Despite the base rate of the Bank of Korea having risen, demand for mortgages has continued to grow into the second quarter of 2023. With this, interest rates for mortgage loans also increased. Although fears of a declining housing market had spread throughout the country, this had not discouraged consumers from taking out loans.

South Korea's bogeumjari loans In South Korea, bogeumjari loans have become a popular type of mortgage loan as they have fixed and favorable rates designed to support prospective first-time homeowners. Of the bogeumjari loans provided, loans with a term of 30 years were issued the most in the previous year. Hana Bank lent the most among the largest banks in the country in 2022, followed by KB Kookmin Bank. Given the volatility of the housing market, much attention will be paid to the impact of these loans on housing prices in the following months.

Korea Interest Rate: Loans to Trade Financing & etc. data was reported at 0.500 % pa in Oct 2018. This stayed constant from the previous number of 0.500 % pa for Sep 2018. Korea Interest Rate: Loans to Trade Financing & etc. data is updated monthly, averaging 0.750 % pa from Mar 1994 (Median) to Oct 2018, with 68 observations. The data reached an all-time high of 5.000 % pa in Mar 1994 and a record low of 0.500 % pa in Oct 2018. Korea Interest Rate: Loans to Trade Financing & etc. data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.M001: Monetary Policy Rates.

United States - Leading Indicators OECD: Component series: Interest rate spread: Original series for the Republic of Korea was 0.24600 Percentage in November of 2023, according to the United States Federal Reserve. Historically, United States - Leading Indicators OECD: Component series: Interest rate spread: Original series for the Republic of Korea reached a record high of 5.24000 in January of 2000 and a record low of -8.68000 in January of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Leading Indicators OECD: Component series: Interest rate spread: Original series for the Republic of Korea - last updated from the United States Federal Reserve on November of 2025.

The South Korean luxury real estate market, valued at $43.56 billion in 2025, is poised for robust growth, projected to achieve a Compound Annual Growth Rate (CAGR) of 10% from 2025 to 2033. This expansion is driven by several key factors. Firstly, a rising high-net-worth individual (HNWI) population in South Korea, fueled by economic growth and a thriving tech sector, is increasing demand for premium properties. Secondly, the increasing preference for larger, more luxurious homes, particularly in prime locations like Seoul and Busan, is a significant driver. Finally, government policies aimed at stimulating the economy, though potentially impacting affordability in some segments, indirectly support the luxury market by bolstering overall economic confidence. The market is segmented by property type (apartments & condominiums, villas & landed houses) and city (Seoul, Busan, other cities), with Seoul and Busan consistently commanding the highest prices due to their central location and established infrastructure. Major players like Samsung C&T Corporation, Bando Engineering & Construction, and Ssangyong Engineering & Construction are shaping the market through high-end development projects. While the market shows strong potential, challenges like fluctuating interest rates and potential government regulations aimed at controlling property prices could pose some restraints to growth in the coming years. However, the long-term outlook for the South Korean luxury real estate market remains positive due to the continued growth of the affluent population and sustained demand for upscale properties. The international influence on South Korea's luxury real estate market is noticeable, but currently secondary to domestic demand. While data on specific regional contributions isn't provided, it's reasonable to assume that Asia-Pacific regions, particularly those with strong economic ties to South Korea, contribute significantly to foreign investment in luxury properties. North American and European investors also likely play a role, though potentially to a lesser degree compared to other Asian markets. The presence of established global developers also highlights the international appeal of the market. Further research would be needed to quantify the precise influence of each region, but the trend towards globalization points to a gradual increase in international investment over the forecast period. Future analysis may consider factors like exchange rate fluctuations and global economic conditions, as they impact foreign investors' participation. Unlocking the Potential: A Deep Dive into South Korea's Luxury Real Estate Market (2019-2033) This comprehensive report provides an in-depth analysis of South Korea's burgeoning luxury real estate market, covering the period from 2019 to 2033. With a base year of 2025 and an estimated year of 2025, the report offers valuable insights for investors, developers, and industry professionals seeking to navigate this dynamic sector. High-search-volume keywords such as South Korea luxury apartments, Seoul luxury real estate, Busan luxury villas, and Korean luxury property investment are strategically integrated throughout the report to maximize search engine optimization (SEO). Key drivers for this market are: 4., South Korea's status as a global business hub can attract expatriates and foreign executives seeking high-end accommodation options4.; Incorporating advanced technology and smart home features making luxury properties more appealing to tech-savvy buyers. Potential restraints include: 4., Lack of foreign investment4.; Stricter government regulation inhibiting the growth. Notable trends are: Reduction in prices creating demand for low-priced luxury real estate.

In 2023, the average interest rate for new business loans to large enterprises in South Korea stood at **** percent. This was the highest rate since 2012 and considerably higher than the **** from 2021.

United States - Leading Indicators OECD: Component series: Interest rate spread: Normalised for the Republic of Korea was 99.41745 Index in November of 2023, according to the United States Federal Reserve. Historically, United States - Leading Indicators OECD: Component series: Interest rate spread: Normalised for the Republic of Korea reached a record high of 104.69241 in November of 1999 and a record low of 91.81128 in February of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Leading Indicators OECD: Component series: Interest rate spread: Normalised for the Republic of Korea - last updated from the United States Federal Reserve on November of 2025.

Korea CSI: Expectations: Interest Rates: Male data was reported at 131.000 Point in Jul 2018. This records an increase from the previous number of 128.000 Point for Jun 2018. Korea CSI: Expectations: Interest Rates: Male data is updated monthly, averaging 115.000 Point from Jul 2008 (Median) to Jul 2018, with 121 observations. The data reached an all-time high of 139.000 Point in Mar 2011 and a record low of 81.000 Point in Jan 2009. Korea CSI: Expectations: Interest Rates: Male data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s Korea – Table KR.H030: Consumer Survey Index: The Bank of Korea: Consumer Sentiment Index.

In 2024, the residential property price index in Seoul, the capital of South Korea, increased to around ***** percent year-on-year. 2022 had seen a significant drop in residential property prices in Seoul. How much is a house in Seoul? Housing prices in Seoul have experienced significant fluctuations in recent years. Auction bid price rate for apartments surged to reach over ** percent, rebounding from a decline in 2022. Similarly, the success rate of apartment auction bids showed dynamic trends, dropping to **** percent in late 2022 before recovering to over ** percent. Seoul boasted the highest mean purchase price for housing among all provinces of South Korea, with a gap of over *** million South Korean won between Seoul and Gyeonggi. Property prices in South Korea South Korea's real estate market demonstrates dynamic trends shaped by numerous factors. Economic growth, urbanization, government policies, interest rates, and foreign investment all contribute significantly to fluctuations in housing prices. Notably, the mean purchase price for apartments sharply declined in 2022 and 2023 following years of exponential growth before. While the housing transaction volume in Korea saw a significant decrease in 2022, it recovered slightly in 2024. Given the high housing prices, many citizens believe that property prices will continue to fall in the coming year.