But, as for the nation's consumer sentiment over the past month we saw some improvement there which can be regarded as a sign the economy may be picking up from the effects of April's deadly ferry disaster.
The Bank of Korea said Wednesday that the consumer sentiment index stood at 107 in June, up two points from a month earlier.
While the figure still falls short of the 108 level recorded just before the ferry tragedy it suggests Korean consumers may be returning to their regular spending habits.
The monthly index reflects the overall economic outlook of consumers, their living conditions and future spending plans.
A reading over one-hundred means optimists outnumber pessimists.