Structural insulated panels, structurally performed panels consisting of a plastic insulation bonded between two structural panel facings, are one of emerging products with a viewpoint of its energy and construction efficiencies. These components are applicable to fabricated wood structures. In Korea, there are few technical documents regulated structural performance and engineering criteria in domestic market. This study was conducted to identify fundamental performance of both monotonic load and quasi static cyclic load for SIPs in shear wall application. Static test results showed that maximum load was 44.3kN, allowable shear load was 6.1kN/m, shear stiffness was 1.23 M N/m, and ductility ratio was 3.6. Cyclic test was conducted by two kinds of specimens : single panel and double panels. Cyclic test results, which were equivalent to static test results, showed that maximum load was 45.42kN, allowable shear load was 6.3kN/m. Furthermore the accumulated energy dissipation capability for double panels was as 2.3 times as that for single panel. From performance of structural tests, it was recommended that the allowable shear load for panels was at least 6.1kN/m.