The present invention relates to an assembly wall having improved sound absorption/insulation performance and an assembly structure thereof. The assembly wall includes plate members separated from each other to face each other and each forming at least one layer; stud members alternately placed on different inner surfaces of the plate members and comprising a web formed with a plurality of first perforated holes having at least one diameter; an insulation member interposed in a space defined between the plate members and the stud members; and a sheet member adjoining an outer surface of the insulation member and being formed with a plurality of second perforated holes having at least one diameter. With this structure, the assembly wall has excellent sound absorption and insulation performance over various frequency bands including a low frequency band without increasing wall thickness.