earticle

영어

The Korean Government has driven a policy to promote its defense industry since the early 1970’s. Based upon this policy, the defense industry has grown up significantly. The Lee Myungbak Government emphasized the importance of the defense industry, and chose it as a new impetus tool for national economic growth. However, the defense industry has a number of internal problems, which the government plans to solve under the shadows of rapid growth. One way of resolving it is government policy for protecting small business companies. This essentially required more comprehensive policy to protect small business companies in order to strengthen the country’s sound defense industry structure. This study deeply examines government policy towards the protection of small business companies and suggests compensatory policy alternatives to protect small business companies while promoting the defense industry. In addition, this study suggests how to amend related laws and regulations in protecting small business companies in Korea's defense industry. Essentially, a more comprehensive approach is required to protect small business companies in order to strengthen the competitiveness of the country’s defense industry, not only for domestic competency but also international competency.