Richard Shin, Ph.D.

  • Senior Advisor
  • T. +82-2-3404-1082
  • F. +82-2-3404-7688
  • E. richard.shin@bkl.co.kr

Overview

Richard Shin, Ph.D. has extensive experience in researching, analyzing, and consulting on antitrust, competition, and regulatory issues. Dr. Shin's experience at both antitrust agencies in the United States, Economic Analysis Group of the Antitrust Division at the U.S. Department of Justice and the Bureau of Economics at the U.S. Federal Trade Commission, as well as at major economic consulting firms in the United States, brings quality economic analysis as required by clients. This experience brings direct understanding of the economists' role at US antitrust agencies and other regulatory agencies as well as valuable economic analysis in any potential matters before regulatory agencies.

In the private sector, Dr. Shin has continued to apply his theoretical and quantitative skills to the analysis of mergers, abuse of dominance, and price-fixing in various industries. He has expanded his expertise to include damage estimation in class action litigation, patent infringement litigation and in complex commercial or regulatory disputes, including False Claims Act cases in the US.

Dr. Shin has also submitted expert reports and testified before the Korea Fair Trade Commission on various matters involving competition issues including mergers and collusion cases.

Representative Experience

2021-Present Bae, Kim & Lee LLC
2015-2021 Head, Capital Economic Consulting Group, Lee & Ko
2008-2015 Senior Vice President, Economists, Inc.
2001-2008 Principal, LECG
1996-2001 Economist, Department of Justice, Antitrust Division, Economic Analysis Group
1992-1996 Economist, Federal Trade Commission, Bureau of Economics, Division of Economic Policy and Analysis
1988-1992 Research Economist, Mathematica Policy Research, Inc.
1986-1988 Graduate Student Fellow and Consultant, California Public Utilities Commission

Representative Matters

Advised a client on Qualcomm's abuse of market dominant position*
Advised Korean Medical Association on the administrative litigation involving prohibited acts of enterprisers organization (won trials at the Seoul High Court entirely)*
Advised an interested party on the acquisition of Tokyo Electric by Applied Material*
Represented a client on damage compensation litigations regarding numerous collusion cases including collusion of large trucks and commercial vehicles*
Advised a client on international cartel involving DRAM*
Advised a client on Qualcomm's abuse of market dominant position*
Advised Korean Medical Association on the administrative litigation involving prohibited acts of enterprisers organization (won trials at the Seoul High Court entirely)*
Advised an interested party on the acquisition of Tokyo Electric by Applied Material*
Represented a client on damage compensation litigations regarding numerous collusion cases including collusion of large trucks and commercial vehicles*
Advised a client on international cartel involving DRAM*
Advised a client on CJ CGV's abuse of market dominant position*
Advised a client on the litigation for damage compensation involving ATM's collusion*
Advised a client on international cartel involving LCD panels*
Advised a client on the acquisition of Incheon Oil*
Advised a client on settlement on reverse payment between Donga Pharmaceuticals-Glaxo*
Advised clients on numerous fair trade cases involving other cartel conducts (paper, steel, construction, ready-mixed concrete, bank, etc.)*
Estimated unilateral effects of a merger between cereal companies in the U.S.*
Reviewed a merger between British Telecom and MCI*
Reviewed a merger between WorldCom and MCI*
Reviewed a merger between WorldCom and Sprint*
Reviewed a merger between Nextel and Pittencrieff*
Reviewed a merger between Premdor and Masonite which reached consent decree based on the theory of potential and substantial antitrust harm in the downstream market*
Reviewed a merger between 3D and DTM (Resulted in compulsory patent licensing to a competitor to maintain competition in the market)*
Advised a client on litigation involving patent infringement between Ormco Corp. and Align Technology, Inc. (expert's report on irreparable harm defense)*
Advised and testified on the False Claims Act case filed against Oracle by the U.S. General Services Administration*
Submitted expert's reports to the Korean Fair Trade Commission on various matters involving SK Corp.'s acquisition of Incheon Oil Refinery, Crown-Haetae merger, and price fixing cases involving flour mills and oil refineries*
*Experience prior to joining BKL

Education

1988 University of California, Berkeley (Ph.D.)
1986 University of California, Berkeley (M.A., Statistics)
1985 University of California, Berkeley (M.A., Economics)
1981 University of California, Berkeley (B.A.)

Selected Activities

Publications
Do Nonprofit Hospitals Exercise Market Power?, International Journal of the Economics of Business Vol. 5 Issue 2, pp. 141-157 (Co-author, 1998)
Competition verses Regulatory Incentives in Disciplining Productive Efficiency, Bureau of Economics Study (Co-author, FTC, 1995)
Viable Competition in Local Telephone: Superadditive Costs in the Post-Divestiture Period, Bureau of Economics Working Paper (Co-author, FTC, 1995)
Efficiency in Regulatory Regimes: Evidence from Price Caps (Co-author)
What's a Regulator To Do? Responses to Competition in Local Telephone Service (Co-author)
On Estimating the Box-Tidwell Flexible Functional Form, Journal of Business and Economic Statistics Vol. 12 No. 2, pp. 261-265 (Co-author, The American Statistical Association, 1994)
Costly Gains to Breaking Up: LECs and the Baby Bells, Review of Economics and Statics Vol. 75 No. 2, pp. 357-361 (Co-author, The MIT Press, 1993)
Unnatural Monopolies in Local Telephone, Rand Journal of Economics Vol. 23 No. 2, pp. 171-183 (Co-author, RAND Corporation, 1992)
Choice and Information in HMO Disenrollment, mimeo (Co-author, Mathematica Policy Research, Inc., and Congressional Budget Office, 1990)
Competition among HMOs in the Medicare Market: Implications for Medicare Costs, mimeo (Co-author, Mathematica Policy Research, Inc., and Congressional Budget Office, 1990)
Issues in Prospective Budgeting for Medicare's Physician Services (Co-author, Washington D.C., Congressional Research Service, 1989)
An Econometric Methodology for Estimating Local Telephone Costs, Proceedings of Fifth NARUC Biennial Regulatory Information Conference. Columbus, OH (National Regulatory Research Institute, 1986)
Awards
Who's Who Legal - Leading Practitioner (2022-2023)

Awards and Recognition