The Korea Fair Trade Commission (“KFTC”) announced the appointment of Professor Seung Han Yoo of Korea University’s Department of Economics to serve as a Non-Standing Commissioner of the KFTC, effective September 16, for a tenure of three years.

Professor Yoo holds a B.A. in economics from Korea University, an M.A. in mathematics and statistics from New York University, and a Ph.D. in economics from Cornell University. Before joining the faculty at Korea University in 2011, he was a professor at Nanyang Technological University in Singapore.

According to the KFTC press release announcing his appointment, Professor Yoo is an expert in microeconomic theory, market design and platform economy. He is currently a member of the fair trade policy advisory board for the KFTC, and previously served as an editor of the Korean Journal of Economic Theory and Econometrics, and an organizing member of the East Asia Theory Conference.

In announcing his appointment, the KFTC noted that it expects Professor Yoo will help further enhance the quality of the KFTC's decisions based on his deep understanding of fair trade issues, economics, market design and online platforms, as well as his recent experience as a KFTC advisor, which observation and expectation are generally shared within the antitrust community in Korea.