In this study, MR(Magneto-Rheological) Grease fluid was developed for compensating the settling phenomena of MR(Magneto-Rheological) fluid which is widely used in semi-active control system. In order to characterize the settling phenomena of the MRG fluid, the experimental comparison was conducted. The control performance assessment of the MRG fluid was also evaluated. As a result, it was verified that the MRG fluid have the sufficient performances to use as a material for semi-active control device.