The Korean Free Trade Agreement (KORUS FTA) is a trade deal between the United States and South Korea that aims to reduce tariffs and increase trade between the two countries. Signed in 2012, it promotes economic cooperation by eliminating barriers to trade in goods and services, benefiting various industries. The agreement also includes provisions for investment, intellectual property rights, and labor standards. By fostering a more open market, the KORUS FTA seeks to enhance economic growth and create jobs in both nations, making it a significant aspect of their bilateral relationship.