In this paper, based on the finite element analysis model verified in previous studies, a new model of a buckling restrained brace reinforced with a steel plate was proposed. A design formula was proposed for the new model to dissipate energy without buckling the steel core under load protocol, and the performance of the model satisfying the design formula was evaluated by comparing it with the previous model through the results of hysteresis loop, bi-linear curve, cumulative energy dissipation capacity, and equivalent viscous damping.