Bank of Korea Holds Rate After Cut in May to Fight Yen’s Decline

Bank of Korea Holds Rate After Cut in May to Fight Yen’s Decline

SeongJoon Cho/Bloomberg

A farmer plants rice seedlings by hand as an apartment building is reflected in the paddy field in Iksan, South Korea. The economy grew 0.8 percent in the first quarter from the previous three months as the government front-loaded spending after marking its slowest expansion last year since 2009.