What are the implications of North Korea’s recent gains in nuclear and missile capabilities for the future of U.S. strategy toward North Korea? What is the state of North Korea’s nuclear weapons and ballistic missile technologies? What are the prospects of diplomatic negotiations with Pyongyang? Should the United States pursue a different strategy toward North Korea in light of Pyongyang’s improving nuclear capabilities, perhaps including revising its alliance with South Korea? The Cato Institute will host two panels and a keynote address by former governor Bill Richardson to examine these critical questions.