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On April 16, 2014, the South Korean ship MV Sewol sank, claiming the lives of 304 passengers. The accident appeared to observers to be a manmade disaster, since all the passengers could have been rescued if adequate safety measures and disaster management procedures had been in place. The Sewol sinking has subsequently turned into a focusing event in terms of safety policy debates in South Korea. On September 28, 1994, the Swedish ship MS Estonia sank, claiming the lives of 852 people. This earlier tragedy was also a focusing event in the context of Swedish debates about safety policies. In this article, South Korean and Swedish safety policies are analyzed from a historical-institutionalist perspective. While Swedish disaster prevention systems have generally performed well in a virtuous cycle, those of South Korea have performed poorly in a vicious cycle. The article highlights how South Korean policy makers might use Swedish policies, developed in response to the 1994 MS Estonia accident, to improve their safety policies. In addition, we suggest that long-term policies focusing on comprehensive social welfare and the pooling of risks are required to restore citizens’ trust in government and to transform South Korea from a low safety into a high safety society.