Standard setting is a procedure critical for criterion-referenced tests such as licensure examinations. Various standard setting methods have been suggested and used, some of which are based on item response theory. In this study, we suggest a relatively new standard setting method based on the Rasch model, which is a special type of item response theory model. The suggested method was applied to the Clinical Comprehensive Examination, which is used to prepare medical students for the medical licensure examination in Korea. The study was conducted in two rounds: a survey to obtain a cut-off score and the passing rate for each subject area as well as an in-depth questionnaire on a small group of experts to check the validity of these cut-off scores and passing rates. The results revealed that the obtained cut-off scores and passing rates were acceptable, although some experts thought both cut-off scores and passing rates were low in comparison with the Korean Medical Licensing Examination. Possible explanations for these opinions are provided and implications discussed.