South Korea's economy slowed down in the second quarter due to the growing investors' pessimism and weakening exports. Korean GDP rose by 0.4% in the second quarter, while in the previous three months it added 0.9 per cent. As reported by the Bank of Korea, nation's exports declined by 0.6% in the April to June period. Gloomy fundamental news in Asia's fourth-largest economy proves that nation's economy was hit by worsening Eurozone's debt crisis and that economy may need more time for recovery.