Lee calls for virtuous cycle to translate exports growth into domestic demand recovery

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SEOUL, Nov. 5 (Yonhap) -- President Lee Jae Myung on Thursday instructed officials to help build an economic virtuous cycle in which South 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 US$60 billion in September, buoyed by strong semiconductor exports. Earlier data also showed that South Korea's exports jumped 93.7 percent from a year earlier to $115.3 billion in October, the second-highest monthly figure in the country's history following the $121.1 billion posted just a month before.

"In order for the South Korean economy to go beyond quantitative expansion into a qualitative leap forward, we need a major change in the manner of growth," the president said.

"We need to build a national economic virtuous cycle in which export increases can lead to a recovery in domestic demand, and the growth in certain industries and conglomerates can spread to small and medium-sized firms and small merchants," he noted.

The president highlighted the need to nurture new growth engines to facilitate stronger and more sustainable economic development.

As part of such efforts, he said the government should build a system in which those with ideas and skills could easily try to start new businesses, calling for financial and administrative support for promising startups to make inroads into the global market.

President Lee Jae Myung speaks during an event at Cheong Wa Dae in Seoul on Nov. 5, 2026. (Pool photo) (Yonhap)

(LEAD) S. Korea posts record high current account surplus of over US$60 bln in Sept. on chip supercycle

(2nd LD) S. Korea's monthly exports hit US$115.3 bln in Oct. on strong chip sales

(3rd LD) Lee vows bold investment in AI, future growth engines for 'growth for all'

Lee calls for virtuous cycle to translate exports growth into domestic demand recovery

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首尔，11月5日（韩联社）——韩国总统李在明周四指示官员们帮助构建经济良性循环，使韩国近期的出口增长能够转化为国内需求的复苏，从而带动大型企业集团和小型企业的发展。

李显龙是在与主要助手开会时下达这一指示的，当时强劲的经济指标得益于出口的蓬勃发展。

他的这番言论发表不久前，韩国央行公布的数据显示，受强劲的半导体出口提振，韩国9月份经常账户盈余超过600亿美元，创历史新高。此前数据显示，韩国10月份出口额同比增长93.7%，达到1153亿美元，这是该国历史上第二高的月度出口额，仅次于前一个月创下的1211亿美元。

总统表示：“为了使韩国经济超越数量扩张，实现质的飞跃，我们需要在增长方式上进行重大变革。”

他指出：“我们需要建立一个国家经济良性循环，使出口增长带动国内需求复苏，某些行业和企业集团的增长能够惠及中小企业和小商户。”

总统强调，需要培育新的增长引擎，以促进更强劲、更可持续的经济发展。

他表示，作为这些努力的一部分，政府应该建立一个体系，让有想法和技能的人能够轻松地尝试创办新企业，并呼吁为有前途的初创企业提供财政和行政支持，帮助它们打入全球市场。

2026年11月5日，李在明总统在首尔青瓦台出席活动并发表讲话。（联社照片）（韩联社）

（导语）韩国9月份经常账户盈余超过600亿美元，创历史新高，受芯片超级周期影响

（第二部分）受强劲的芯片销售推动，韩国10月份出口额达到1153亿美元

（第三条）李光耀承诺大力投资人工智能，将其打造为“全民增长”的未来增长引擎

李呼吁形成良性循环，将出口增长转化为内需复苏。