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.

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

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 2.71 percent in April from 2.84 percent in March of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in South Korea.

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;

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.

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.

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

Forecast: Bank Lending Interest Rate in South Korea 2024 - 2028 Discover more data with ReportLinker!

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

Notes regarding this series can be found in International Financial Statistics Yearbooks produced by the International Monetary Fund (IMF). We have requested these publications from the IMF. Notes on this series will populate once they become available.

Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Korea (IRLTLT01KRM156N) from Oct 2000 to Apr 2025 about Korea, long-term, 10-year, bonds, yield, government, interest rate, interest, and rate.

korea - Interest Rates, Discount Rate for Republic of Korea was 1.25000 % per Annum in February 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 May of 2025.

As of the fourth quarter of 2024, the interest rate for leasehold deposit, or "jeonse," loans in South Korea stood at 4.3 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.

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

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for Korea.

In 2023, the average interest rate for new business loans to large enterprises in South Korea stood at 5.21 percent. This was the highest rate since 2012 and considerably higher than the 2.57 from 2021.

North Korea: Interest rates on bank credit to the private sector: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for North Korea from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

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.; ;

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Korea (IRSTCI01KRM156N) from Jan 1991 to May 2025 about interbank, Korea, overnight, interest rate, interest, and rate.