The collapse of the international LNG supply chain due to the Middle East conflict is severely impacting the Korean power market, with electricity prices potentially rising by as much as 74%. The scramble for LNG by Europe is exacerbating energy supply instability across Asia, and the government is focusing on short-term responses such as securing reserves and expanding nuclear power generation. In the long term, expanding renewable energy and striving for energy independence are also necessary to address the fundamental vulnerabilities of the energy supply structure.