In this study, the experimental results of a shear wall bottom corner damper (SWBCD) were investigated. It was found that the effects of the corrugated shear panel thickness, corrugated shear panel length, and flange plate thickness on the seismic performance from large to small. The failure process of the specimens was summarized; it was found that the high stiffness at the bend contributed to failure of cross-cracks in each long corrugated band of the corrugated shear panel in all specimens due to the geometric shape constraints of the corrugated shear panel. According to the calculation method for the skeleton curve parameters and the hysteretic rules of the SWBCD, a multilinear hysteretic model of the SWBCD was established. Using a corrugated steel plate-reinforced concrete composite shear wall with bottom corner dampers (RSPCW) as the application background, based on the layer shell model, a reasonable equivalent simulation method for an embedded corrugated steel plate based on the tension strip model was proposed. The hysteretic model of the SWBCD was modified according to the deformation requirements of the bottom corner damper. The twoNodeLink element representing the SWBCD was placed in the height range under the boundary element at both ends of the RSPCW. The ability of the hysteretic model to accurately reflect the nonlinear analysis of the SWBCD was verified.