Shear panel damper using low yield strength steel have been widely used for passive control of buildings against earthquakes. During design process, a series of time-history analyses are generally conducted, in order to confirm earthquake response of the damper and building. Accurate analytical model of the damper is necessary, since the damper plays an important role in overall performance of the building. In this study, cyclic loading tests have been conducted to verify the hysteretic behavior for earthquake response of the damper. Analytical model was also proposed. This proposed model could be evaluated hysteretic behavior of the damper in the plastic range.