정부 정책이 우주산업의 성장에 미치는 영향 분석

An Analysis of Policy Impact on the Space Industry

Purpose - The purpose of this study was to analyze the impact of the National Space Policy on Korean space-related companies. Design/methodology/approach - This study utilized space sector firm-level data based on the list of the Space Industry Survey (MSIT, 2023). The multiple regression analysis was used to estimate the model. Findings - First, the lagged policy variable of the Master Plan for Promotion of Space Development positively influences the company’s sales. However, the establishment of an Action Plan for Utilization of Satellite Information had no significant result. Second, small-sized enterprises were more sensitive to government policy than medium- and large-sized enterprises. Third, lagged policy variables positively impact firms’ sales revenue, especially in the satellite manufacturing and the satellite utilization services and equipment sector. Research implications or Originality - First, support for companies with policy effects should be further expanded. Second, a long-term and stable budget procurement plan should be established to secure a firm's sustainable competitiveness. Lastly, given the characteristics of the space industry, which involves long-term development periods and large investments, government investment should continue. Simultaneously, institutional improvement needs to emerge new services in the space sector.