Peel and finely grate or mince the ginger and garlic.
In a medium saucepan, combine the soy sauce, honey, rice vinegar, and sesame oil.
Add the grated ginger, garlic, and chili flakes. Stir well to combine.
In a small bowl, whisk together the cornstarch and water until smooth. This slurry will help thicken the sauce.
Pour the cornstarch mixture into the saucepan, whisking constantly to prevent lumps from forming.
Cook over medium heat for 5-7 minutes, or until the sauce has thickened and has a glossy sheen.
Remove from heat and let cool slightly. Use as a marinade, glaze, or dipping sauce for meats and vegetables.
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