Fear of crime is regarded as a social problem that undermines the quality of life of individuals, as well as that has a bad influence on them both physically and mentally. There is no exception for women in South Korea. Drawing on Ferraro’s (1995) risk interpretation model, the current study aims to explore Korean women’s fear of crime with ‘the shadow of sexual assault thesis’ being focused. Due to several methodological limitations, to date, it has been difficult to draw a nuanced conclusion from the review of related literature. Therefore, this study attempts to fill the research gap by designing and estimating the structural relationships among the various correlates of women’s fear of crime. A series of structural equation modeling (SEM) approaches indicate that ‘the shadow of sexual assault thesis’ is well supported within data from 2010 Korean Crime Victim Survey (KCVS). Both findings and implications are discussed in the context of South Korea.