This study evaluates the occupational accident risks of anchovy boat seine fishery in Korea. Using Bayesian network modeling within the framework of the Formal Safety Assessment (FSA) proposed by the International Maritime Organization (IMO), data from 508 accident compensation claims between 2018 and 2022 were analyzed. Accidents were categorized into processes (sailing, fishing, maintenance, loading/unloading, and catch processing) and risk factors (hull and working environment, fishing gear and equipment, machinery and equipment, weather and external conditions, and processing equipment). The analysis revealed significant risks associated with fishing processes and hull-related factors. Fishing accounted for 36.42% of all accidents with trips/slips being the most frequent type (29.13%). Bayesian network analysis showed that trips/slips accidents during fishing posed the highest risks (0.001100). The risk of fishing operations was 4.60 times higher than sailing and 30.00 times higher than loading/unloading. The findings indicate that risks vary significantly depending on the processes and risk factors involved. As risk assessments mandated by the 2025 revision of Korean fishing safety laws are expected to remain simple and qualitative, this study underscores the necessity of incorporating quantitative approaches to enhance the reliability and effectiveness of safety management practices.