The KORUS Free Trade Agreement is a trade deal between the United States and South Korea that was implemented in 2012. Its main goal is to reduce tariffs and other trade barriers, promoting increased trade and investment between the two countries. The agreement covers a wide range of sectors, including agriculture, manufacturing, and services. KORUS aims to enhance economic cooperation and strengthen the bilateral relationship. By eliminating tariffs on various goods, it benefits both American and South Korean businesses, allowing them to compete more effectively in the global market. The agreement also includes provisions on labor, environmental standards, and intellectual property rights.