According to the recently revised seismic design standards, seismic design of underground structures is required. Concrete underground outer walls are installed separately from temporary earth retaining walls as permanent underground outer walls. This raises issues of constructability, economy, and space narrowness. Therefore, a steel underground continuous wall is developed to promote construction efficiency, safety, and economy by introducing the off-site construction (OSC) method of underground structures. The steel underground continuous wall will be used as a permanent underground continuous wall along with the temporary earth retaining wall. To this end, it must satisfy structural performance equivalent to or higher than the concrete underground outer wall. The integrity and in-plane shear resistance performance between single panel members must be satisfied to be used as a permanent wall. The interlocking effect through geometric bonding is intended to enhance the bonding effect between these members. Therefore, trapezoidal members were developed, and bending performance tests and analyses of each member were performed to confirm the structural bending performance of these members. The bending performance improvement effect of the combined multiple members was confirmed. As a result, it was confirmed that the integration of members and structural performance was improved due to the interlocking effect of the absence of joints. The seismic design analysis of the demonstration site was performed with these developed members, and it was confirmed that the structural performance was equivalent to or higher than that of the existing RC underground continuous wall. As a result, it was confirmed that the steel underground continuous wall can be used as a permanent underground wall together with the temporary earth retaining wall.