This Commentary provides a detailed analysis of the US-DPRK Peace Treaty, a proposed bilateral peace treaty between the United States and the Democratic People’s Republic of Korea (i.e., North Korea). The US-DPRK Peace Treaty was conceived as the first in a series of legal instruments to be executed in furtherance of the establishment of “peace as a system” on the Korean Peninsula. In this monograph, the authors envision that such a peace treaty would serve as a basis for peaceful co-existence between the two countries and, ultimately, a peaceful, non-volatile situation on the Korean Peninsula. The Commentary offers an in-depth explanation of each provision of the US-DPRK Peace Treaty, including the meaning, background, rationale and legal implications of individual provisions of the Peace Treaty. Additionally, it provides insight into relevant international law issues and the history of negotiations and engagement among interested parties in the context of the inter-Korean conflict.