The In-Containment Refueling Water Storage Tank (IRWST), one of the design improvements applied to the APR -1400, has a function to condense the high enthalpy fluid discharged from the Reactor Coolant System (RCS). The condensation of discharged fluid by the tank water drives the tank temperature high and causes oscillatory condensation. Also if the tank cooling water temperature approaches the saturated state, the steam bubble may escape from the water uncondensed. These oscillatory condensation and bubble escape would burden the undue load to the tank structure, pressurize the tank, and degrade its intended function. For these reasons simple analytical modeling and experimental works were performed in order to predict exact tank temperature distribution and to find the effective cooling method to keep the tank temperature below the bubble escape limit (93.3$^{circ}C$), which was experimentally proven by other researchers. Both the analytical model and experimental results show that the temperature distributions are horizontally stratified. Particularly, the hot liquid produced by the condensation around the sparger holes goes up straight like a thermal plume. Also, the momentum of the discharged fluid is not so strong to interrupt this horizontal thermal stratification significantly. Therefore the layout and shape of sparger is not so important as long as the location of the sparger hole is sufficiently close to the bottom of the tank. Finally, for the effective tank cooling it is recommended that the locations of the discharge and intake lines of the cooling system be cautiously selected considering the temperature distribution, the water level change, and the cooling effectiveness.