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.

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.; ;

South Korea Long-Term Interest Rate: Government Bonds data was reported at 2.870 % in 2026. This records an increase from the previous number of 2.850 % for 2025. South Korea Long-Term Interest Rate: Government Bonds data is updated yearly, averaging 5.351 % from Dec 1982 (Median) to 2026, with 45 observations. The data reached an all-time high of 16.462 % in 1991 and a record low of 1.500 % in 2020. South Korea Long-Term Interest Rate: Government Bonds data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Interest Rate: Forecast: OECD Member: Annual. IRL - Long-term interest rate on government bonds; Yields on Treasury Bonds with a maturity of 10 years.

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.; ;

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.

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.

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.

In 2024, the average interest rate for new mortgage loans in South Korea stood at around **** percent, a decrease from the previous year's **** percent. The average interest rate for new mortgage loans in South Korea saw a nearly *** percentage point increase from 2020 to 2022.

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

Inflation Rate in South Korea increased to 2.20 percent in June from 1.90 percent in May of 2025. This dataset provides the latest reported value for - South Korea Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Interbank Rate in South Korea remained unchanged at 2.52 percent on Friday July 11. This dataset provides - South Korea Overnight Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Bank Lending Rate in South Korea decreased to 4.17 percent in May from 4.19 percent in April of 2025. This dataset provides - South Korea Bank Average Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The yield on South Korea 10Y Bond Yield rose to 2.88% on July 14, 2025, marking a 0.05 percentage point increase from the previous session. Over the past month, the yield has edged up by 0 points, though it remains 0.30 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. South Korea 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

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.

Graph and download economic data for Exchange Rate Adjusted Changes of Domestic Debt Securities for All Issuers, Residence of Issuer in Korea (DSAMRIAOAERKR) from Q3 2002 to Q4 2022 about Korea, adjusted, debt, exchange rate, residents, securities, domestic, and rate.

In 2023, the average interest rate for new loans to small and medium-sized enterprises in South Korea stood at **** percent. This was the highest rate of the past ten years, increased considerably from **** percent in 2021.

In 2024, the average interest rate for new loans to businesses in South Korea stood at **** percent, down from the previous year's *** percent. The average interest rate for new loans to businesses in South Korea has decreased since 2015, though this recent increase is approaching interest rates from a decade ago.

Korea CSI: Expectations: Interest Rates: Other data was reported at 127.000 Point in Jul 2018. This records an increase from the previous number of 124.000 Point for Jun 2018. Korea CSI: Expectations: Interest Rates: Other data is updated monthly, averaging 111.000 Point from Jul 2008 (Median) to Jul 2018, with 121 observations. The data reached an all-time high of 137.000 Point in Mar 2011 and a record low of 80.000 Point in Jan 2009. Korea CSI: Expectations: Interest Rates: Other 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.