Policy Making Process of Regulatory Reform Policy in Science and Technology Sector: A Case of Regulatory Sandbox Policy for ICT Convergence Industry

This study analyzes the policy making process of ICT convergence industry’s regulatory sandbox in order to review characteristics and contexts of scientific technology regulatory reform policy that was caused by the process of the fourth industrial revolution. For the analysis, the enactment period of ｢Special Act on Promotion of Information and Communication and Revitalization of Convergence, etc.｣, which is a base law of ICT convergence industry’s regulatory sandbox, into Period 1 and Period 2, and each period is analyzed with the use of Kingdon’s multiple streams model. The results show that in the presidential elections of the two periods, the window of policy was open to a strong candidate’s campaign and election. The political tendency of the Period 1 showed irrational policy making with the combination of policy alternative and policy problem tendency, and no policy leader appeared. Nevertheless, in Period 2, the president of Korea appeared as a policy leader. Regarding the theoretical implications, the exactness of multiple streams model was identified in analyzing decision making process of ICT convergence industry regulatory reform policy. There was irrational policy making that political mainstream involved policy problems and alternatives, and the political mainstream was confirmed to become a basis and background of the advent of policy leader and the exertion of competence, so the importance of political mainstream highlighted by multiple streams model was recognized. Regarding the policy implications, it was confirmed that there could be an effectiveness problem of scientific technology regulatory reform policy unless the importance of horizontal and vertical governance in the scientific technology regulatory reform policy, and value acceptance of relevant ministries in the policy making process are considered.