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Lee calls for virtuous cycle to translate exports growth into domestic demand recovery
- President Lee Jae Myung on Thursday instructed officials to help build an economic virtuous cycle in which Korea's recent export growth can translate into a recovery in domestic demand, leading to the development of both large conglomerates and smaller firms.
- Lee issued the instruction at a meeting with his key aides amid strong economic indicators driven by brisk exports.
- His remarks came shortly after the Bank of Korea reported that the country posted an all-time high current account surplus of over $60 billion in September, buoyed by strong semiconductor exports.
- Earlier data also showed…
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