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 that 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 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 th