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Sangyun Lee

Sangyun Lee is a postdoctoral researcher specializing in competition law and policy, with a keen focus on the intersection of law and public administration. He is currently affiliated with Kyoto University as a Japan Society for the Promotion of Science (JSPS) International Research Fellow. Sangyun has published several papers on competition law and policy. He holds a Ph.D. from Korea University, where his dissertation was titled "Incorporating Abuse of Economic Dependence into Competition Law." He has research experience with various institutions, including the Research Center of the Korea Fair Trade Mediation Agency, which is affiliated with the Korea Fair Trade Commission (Korea's competition authority), the Personal Information Protection Commission (Korea's data protection authority), and the National Assembly Research Service.
Antitrust and Competition

The Korean Air-Asiana Airlines Merger Shows How Rational Actors May Produce Irrational Outcomes

Sangyun Lee
Sangyun Lee reviews the 2021 merger between Korean Air and Asiana Airlines, which was promoted by the government despite warnings from the majority of experts deeming it obviously anticompetitive and harmful to consumers. He finds that the merger is a paragon of how, under institutional constraints, the rational choices of actors and organizations can collectively lead to irrational, suboptimal outcomes.

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The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.