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Bellicose actions and strident rhetoric coming out of North Korea over the past year have heightened fears that the Korean Peninsula is entering a more dangerous period. Some experts have even argued that Pyongyang is preparing for war. To be sure, things seem to be heating up. But the causes are tied to a range of issues, including the USChina rivalry, Russia's invasion of Ukraine and continuing US neglect of engagement with North Korea. A new Cold War is settling over the Korean Peninsula and new policy adjustments are required. [ABSTRACT FROM AUTHOR]