In this study, the stress and deformation characteristics of corner protection in which is fabricated in an insulation area have been analyzed using a finite element method. The proposed corner protection may increase the strength and leakage safeties of conventional LNG storage system. The stress and deformation of LNG storage tank system are computed for an insulation panel box, membrane inner tank, and prestressed concrete outer tank. The FEM computed results indicate that the stress and displacement of new membrane LNG tank system with a corner protection between an inner tank and an outer tank are reduced in comparison to those of a conventional membrane LNG tank. This is explained that the strength safety of LNG membrane tank system may be increased due to a strength stiffness of a corner protection.