In this study, we made examinations by means of experimental and analytical methods for the purpose of grasping the shear characteristics of RC walls with corroded reinforcement and verified the validity of analytical models and constitutive laws by making comparisons between the analysis results and the test results. First of all, we conducted two kinds of element tests on the bond strength of reinforcement greatly affected by corroded reinforcement and tension stiffening of concrete around the reinforcement. Regardless of the diameter of the reinforcement, we found that the bond strength could be assessed using past equations and, for tension stiffening, proposed an equation in consideration of the effect of corrosion weight loss by obtaining data of constitutive laws for FEM analyses. Then, we conducted in-plane shearing tests on the RC walls with corroded reinforcement and found that the effect of the corrosion weight loss of reinforcement on the shear strength of the walls was low. Finally, we found that the analyses almost follow the test results through FEM analyses of the RC shear walls with corroded reinforcement using the constitutive laws obtained through element tests and past constitutive laws.