The South Korean economy grew by zero-point-seven percent in the second quarter from a quarter earlier. 

According to preliminary data from the Bank of Korea on Tuesday, the country’s real gross domestic product(GDP) stood at 375-trillion-40-point-one billion won in the April-June period, up zero-point-seven percent on-quarter. 

It marks the third consecutive time seeing an on-quarter growth at less than one percent, following the first quarter, when the economy grew by a zero-point-five percent from the fourth quarter of last year, raising concerns that the country will be further mired in a low economic growth trap.

From a year earlier, the second quarter figure marks a 3.2 percent rise.

Local economists assess that the slim Q2 growth was helped by steady increase in local investment in the construction, facilities and intellectual properties, as well more exports.