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.

In Februar 2025, South Korea's central bank reduced the base rate to **** percent. Between May 2020 and January 2023, the rate had seen a continuous increase, impacting especially the housing market during this time.

Deposit Interest Rate in South Korea decreased to 2.51 percent in July from 2.55 percent in June of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in South Korea.

Graph and download economic data for Interest Rates, Discount Rate for Republic of Korea (INTDSRKRM193N) from Jan 1964 to May 2025 about Korea, interest rate, interest, and rate.

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 2.71 % pa in Feb 2025, compared with 2.86 % pa in the previous month.
• South Korea Long Term Interest Rate data is updated monthly, available from Jul 2001 to Feb 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 3.04 % pa in Jan 2025.
• The cash rate (Policy Rate: Month End: Base Rate: Bank of Korea) was set at 2.75 % pa in Feb 2025.
• South Korea Exchange Rate against USD averaged 1,297.25 (USD/KRW) in Jun 2023.

Mortgage credit interest rate, percent in South Korea, April, 2025 The most recent value is 3.98 percent as of April 2025, a decline compared to the previous value of 4.17 percent. Historically, the average for South Korea from September 2001 to April 2025 is 4.54 percent. The minimum of 2.39 percent was recorded in August 2020, while the maximum of 7.58 percent was reached in October 2008. | TheGlobalEconomy.com

As of the fourth quarter of 2024, the fixed mortgage loan interest rate in South Korea stood at *** percent, continuing its trend of quarterly increases since the third quarter of 2023.

Key information about South Korea Short Term Interest Rate

• South Korea Short Term Interest Rate: Month End: KORIBOR: 3 Months was reported at 2.89 % pa in Feb 2025, compared with 3.04 % pa in the previous month.
• South Korea Short Term Interest Rate data is updated monthly, available from Jul 2004 to Feb 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 2.71 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: Base Rate: Bank of Korea) was set at 2.75 % pa in Feb 2025.
• South Korea Exchange Rate against USD averaged 1,297.25 (USD/KRW) in Jun 2023.

Key information about South Korea Policy Rate

• South Korea cash rate (Policy Rate: Month End: Base Rate: Bank of Korea) was set at 2.75 % pa in Feb 2025, compared with 3.00 % pa in the previous Jan 2025.
• South Korea Policy Rate averaged 3.00 % pa and is updated monthly, available from May 1999 to Feb 2025.
• The data reached an all-time high of 5.25 % pa in Sep 2008 and a record low of 0.50 % pa in Jul 2021.

• In the latest reports, South Korea Short Term Interest Rate: Month End: KORIBOR: 3 Months was reported at 3.04 % pa in Jan 2025.
• Its Long Term Interest Rate (Long Term Interest Rate: Month End: South Korea: Treasury Bond Yield: 10 Years) was reported at 2.86 % pa in Jan 2025.
• South Korea Exchange Rate against USD averaged 1,297.25 (USD/KRW) in Jun 2023.
• Its Real Effective Exchange Rate was 79.32 in Jan 2025.

As of the fourth quarter of 2024, the variable mortgage loan interest rate in South Korea stood at *** percent. The rate experienced a significant increase from the third quarter of 2022 to the first quarter of 2023 but has since begun to decline.

Korea Interest Rate Spread data was reported at 1.807 % pa in 2017. This records a decrease from the previous number of 1.810 % pa for 2016. Korea Interest Rate Spread data is updated yearly, averaging 1.728 % pa from Dec 1997 (Median) to 2017, with 21 observations. The data reached an all-time high of 2.167 % pa in 2009 and a record low of 0.607 % pa in 2000. Korea Interest Rate Spread 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. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest 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.; Median;

As of the fourth quarter of 2024, the interest rate for mortgages offered by mutual credit institutions, a type of non-banking financial institution in South Korea, stood at *** percent. This rate saw an increase from the third quarter of 2022 to the first quarter of 2023 but has since declined.

Graph and download economic data for Interest Rates, Government Securities, Government Bonds for Republic of Korea (INTGSBKRM193N) from May 1973 to May 2025 about Korea, bonds, securities, government, interest rate, interest, and rate.

As of the fourth quarter of 2024, the interest rate for leasehold deposit, or "jeonse," loans in South Korea stood at *** percent. While the "jeonse" interest rate saw a significant increase between the third quarter of 2022 and the first quarter of 2023, it has since begun to decline. "Jeonse" is a rental deposit system unique to South Korea where tenants pay large amounts of money up-front in exchange for a two-year tenancy with little to no monthly rent.

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.; ;

Real interest rate (%) in South Korea was reported at 3.0619 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Korea - Real interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Korea Real Interest Rate data was reported at 1.185 % pa in 2017. This records a decrease from the previous number of 1.363 % pa for 2016. Korea Real Interest Rate data is updated yearly, averaging 3.915 % pa from Dec 1997 (Median) to 2017, with 21 observations. The data reached an all-time high of 10.707 % pa in 1999 and a record low of 1.112 % pa in 2015. Korea Real 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. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.; ;

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Korea (IRSTCI01KRQ156N) from Q1 1991 to Q2 2025 about interbank, Korea, overnight, interest rate, interest, and rate.

Bank deposit interest rate, percent in South Korea, April, 2025 The most recent value is 2.72 percent as of April 2025, a decline compared to the previous value of 2.86 percent. Historically, the average for South Korea from January 2000 to April 2025 is 3.55 percent. The minimum of 1.3 percent was recorded in March 2020, while the maximum of 7.8 percent was reached in March 2000. | TheGlobalEconomy.com

Business credit interest rate, percent in South Korea, April, 2025 The most recent value is 4.14 percent as of April 2025, a decline compared to the previous value of 4.32 percent. Historically, the average for South Korea from January 1996 to April 2025 is 6.05 percent. The minimum of 2.67 percent was recorded in May 2021, while the maximum of 17.44 percent was reached in January 1998. | TheGlobalEconomy.com