This article provides a power series summability-based Korovkin type approximation theorem for any sequence of fuzzy positive linear operators. Using the notion of fuzzy modulus of smoothness, we also derive an associated approximation theorem concerning the fuzzy rate of convergence of these operators. Furthermore, through an example, we illustrate that our summability- based Korovin type theorem has an advantage over the fuzzy Korovkin type theorem proved in the seminal paper by Anastassiou (Stud. Univ. Babeş-Bolyai Math L(4):3–10, 2005)