This research presents the nonlinear analysis model for reinforced concrete shear wall systems with special boundary elements as proposed by the Korean Building Code (KBC, 2009). In order to verify the analysis model, analytical results were compared with the experimental results obtained from previous studies. Established analytical model was used to perform nonlinear static and dynamic analyses. Analytical results showed that the semi-special shear wall improved significantly the performance in terms of ductility and energy dissipation as expected based on previous test results. Furthermore, nonlinear incremental dynamic analysis was performed using 20 ground motions. Based on computer analytical results, the ordinary shear wall, special shear wall and newly proposed semi-special shear wall systems were evaluated based on the methods in FEMA P965. The results based on the probabilistic approaches accounting for inherent uncertainties showed that the semi-special shear wall systems provide a high capacity/demand (ACMR) ratio owing to their details, which provide enough capacity to sustain large inelastic deformations.