What were the two challenges Korean policymakers addressed by creating large industries?

One of the challenges that the Korean policymakers addressed by creating large industries is unemployment. Unemployment is a term that describes the state of lacking a job. Creating large industries helps in reducing the number of unemployed people within society. With a low unemployment rate, the living standards of people within the economy will increase.

The second challenge that was addressed by the creation of large industries is the high trade deficit. When a nation encourages the creation of large firms within the economy, the economic output increases; thus, the country will be importing less and exporting more. This leads to a reduction in the trade deficit within the nation.