There is no shortage of plausible scenarios describing North Korean regime collapse or how the United States and North Korea’s neighbors might respond to such a challenge. Yet comparatively little attention has been paid to the strategic considerations that may shape the responses of the United States, the Republic of Korea (ROK), Japan, China, and Russia to a North Korean crisis. These states are most likely to take action of some kind in the event the North Korean regime collapses. For the ROK (South Korea), North Korean regime collapse presents the opportunity for Korean reunification. For the other states, the outcome in North Korea will affect their influence on the peninsula and their relative weight in Asia. This study identifies the interests and objectives of these principal state actors with respect to the Korean Peninsula. Applying their interests and objectives to a generic scenario of North Korean regime collapse, the study considers possible policies that the principal state actors might use to cope with such a crisis. The goal of this study is to motivate policymakers to consider how the United States would respond to regime collapse, not to identify the most plausible scenario. It is the precrisis planning process that is necessary in order to develop a comprehensive understanding of the issues, choices, and priorities that will challenge U.S. diplomacy in the event of North Korean regime collapse. In particular, Washington must plan for the likelihood that while the United States and South Korea will seek to be the primary actors in a crisis induced by North Korean regime collapse, the actions of China and North Korea will profoundly influence U.S. decisions and room to maneuver. The United States will also need to gain the cooperation of Japan and Russia, as well as the support of the United Nations, to achieve politically acceptable outcomes.