In a large bowl, combine the shredded cabbage, shredded carrots, red bell pepper, green onions, cilantro, and chopped peanuts. Toss gently to mix the vegetables and peanuts evenly.
In a separate small bowl, whisk together the rice vinegar, soy sauce, sesame oil, honey, grated ginger, garlic powder, salt, and pepper until well combined.
Pour the dressing over the salad mixture and toss until all the ingredients are coated with the dressing.
For best flavor, let the salad sit for at least 15 minutes before serving to allow the flavors to meld.
Serve chilled or at room temperature.