This paper presents a design study focusing on the thermal safety of an induction motor integrated with a pump unit, which operates submerged in liquefied natural gas (LNG) in the LNG tanks of LNG carrier ships ranging from 150 K to 200 K cubic meters (CBM). In this study, we carried out the electromagnetic design of the induction motor and verified the thermal safety against a temperature increase due to losses during the motor operation through thermal fluid analysis, taking into account the discharge flow of the emergency pump and the air gap of the motor. In the electromagnetic design, the resistivity of the stator winding copper conductors and the rotor aluminum bars, which act as important design constants for the rated operating and starting characteristics of the induction motor in cryogenic temperature environments, reflects the characteristic of linearly changing with the temperature. In cryogenic environments, the reduction in the resistance of the rotor bars of the induction motor leads to a decrease in the starting torque characteristics. Therefore, the shape optimization design of the rotor bar was performed to improve the starting torque characteristics, and 2D electromagnetic analysis was performed on the magnetic flux density distribution and magnetic saturation using Ansys Electromagnetics 16.0. After the electromagnetic design, a 3D thermal flow analysis was conducted using Ansys Fluent 17.0, considering the stator iron losses, rotor bar losses, stator and rotor iron losses, and stray load losses as heat sources. The flow analysis aimed to analytically verify the thermal safety concerning the vaporization of the LNG flowing through the emergency pump’s discharge flow path and the motor’s internal air gap. The motor was manufactured, and the rated and starting operating characteristics of the motor were measured under LN2 submerged conditions according to the IEEE 112 F1 method, to validate whether the performance characteristics met the specifications’ requirements. Subsequently, the thermal safety of the motor was finally verified through a temperature increase test under LNG submerged conditions after assembling it with the emergency pump.