The energy and power industries in South Korea are facing a critical juncture, balancing challenges and opportunities for growth and sustainability. While the global energy market presents a significant opportunity for investment by 2050, the domestic power industry is struggling with financial constraints and limited competition. Suggestions for overcoming these challenges include financial restructuring through asset securitization and promoting the suspended restructuring plans. To enhance the industry's capabilities, a focus on technical advancements in hydrogen, renewable energy, nuclear power, and ammonia is recommended. Strategies include integrating governance for nuclear power plants, pursuing global standardization for small module nuclear power plants, and advancing in green hydrogen production. These efforts aim to meet the increasing electricity demand while decarbonizing the energy sector. Government intervention is crucial in driving these transformations, including sales division based on regional rates, financial consolidation through asset sales, promoting efficient competition with smart grids, and enhancing nuclear power plant and hydrogen technology capabilities. The article emphasizes the importance of embracing disruptive innovation to secure Korea's position in the energy landscape for the next 50 years.