Article 14 Competition policy
1.
The Parties shall foster fair competition in economic activities by fully enforcing their competition laws and regulations.
2.
In pursuit of the goal of paragraph 1 of this Article and in accordance with the Agreement between the Government of the Republic of Korea and the European Community concerning cooperation on anti-competitive activities, the Parties shall undertake to cooperate in:
(a)
recognising the importance of competition law and competition authorities and striving to proactively enforce the law in order to create an environment for fair competition;
(b)
sharing information and enhancing cooperation between competition authorities.