Nanotechnology is a rapidly expanding field, focused on the creation of functional materials, devices, and systems through the control of matter on the nanometer scale. Recently many countries including Korea are rushing into promoting research and development of nanotechnology. Because the nanoscale is not just other step toward miniaturization, but a qualitatively new scale, progress in nanotechnology will have very far-reaching social, ethical, and environmental impacts. This paper aims to examine social issues and implications of nanotechnology development. To do so, this paper divides the issues around nanotechnology into several sub-issues: environmental, health-related, and societal issues. And then this paper reviews the debates and disputes around those sub-issues. Based on this review, this paper proposes some policy recommendation.