North Korea’s annual “Victory Day” commemoration serves as a reminder that the Korean War technically remains unresolved, existing only as an armistice. This armistice has resulted in decades of instability on the peninsula, for which responsibility is shared by multiple actors. Pyongyang’s continued development of nuclear weapons and ballistic missiles, coupled with increasingly aggressive rhetoric, are major contributors to escalating tensions. The current situation demands a reassessment of American strategy toward North Korea, moving beyond entrenched positions. A realistic approach is key to managing the ongoing risks and preventing further escalation. Addressing the unresolved status of the war could be a critical step towards more stable relations. The ongoing instability presents a challenging diplomatic situation requiring careful consideration.