The US-South Korea Free Trade Agreement (KORUS) is a trade deal established in 2012 to enhance economic relations between the United States and South Korea. It aims to reduce tariffs and trade barriers, promoting increased exports and imports between the two countries. The agreement covers various sectors, including agriculture, manufacturing, and services. KORUS is designed to create a more balanced trade environment, benefiting both economies. By eliminating tariffs on goods and services, it encourages investment and fosters job creation. The agreement also includes provisions for intellectual property rights and regulatory cooperation, further strengthening bilateral trade ties.