Wash the bell peppers, remove the seeds, and chop them into smaller pieces.
Mince the garlic and prepare all the ingredients for cooking.
In a medium saucepan, heat the olive oil over medium heat. Sauté the minced garlic until fragrant.
Add the chopped bell peppers and sauté for 5-7 minutes, or until softened.
Pour in the rice vinegar, honey, and water. Stir to combine. Cook for another 3-5 minutes.
In a small bowl, whisk together the cornstarch with a little cold water. Add it to the saucepan and cook the sauce until thickened.
Add chili flakes and salt. Taste and adjust the seasoning as needed.
Serve the sauce warm with grilled meats, vegetables, or as a dipping sauce. It can be stored in an airtight container in the refrigerator for 2-3 days.
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