Hypokalemic periodic paralysis (HypoPP) is an autosomal dominant neuromuscular disorder characterized by episodic flaccid weakness with hypokalemia. It is primarily caused by mutations in the CACNA1S gene, encoding the voltage-gated calcium channel Cav1.1, and the SCN4A gene, encoding the voltage-gated sodium channel Nav1.4. A unified pathophysiological mechanism proposes that these mutations neutralize positively charged residues in the S4 voltage-sensor segments, generating "gating pore currents" (ω currents). These currents destabilize the resting membrane potential, trigger paradoxical depolarization, and lead to reversible loss of muscle excitability. Genotype-phenotype correlations are evident: CACNA1S mutations typically cause earlier onset and high male penetrance, whereas SCN4A mutations exhibit greater phenotypic heterogeneity and a propensity for interictal weakness. Genetic testing is the gold standard for diagnosis, and a targeted next-generation sequencing (NGS) panel is recommended as the first-tier diagnostic approach. Management focuses on trigger avoidance, acute potassium replacement, and long-term prophylaxis with carbonic anhydrase inhibitors or potassium-sparing diuretics; pregnant patients require a multidisciplinary care model. This review provides a systematic overview of the clinical diagnosis, pathogenesis, genotype-phenotype correlations, and individualized treatment of HypoPP, aiming to serve as a practical reference for its clinical management.