This paper was studied to design Process considered flexibility and reliability of suction and discharge valves. Flexibility and reliability of valves are main important factors in compressor valves design. And they are incompatible with efficiency of compressor. In this study, we have performed the optimal design of CO2 compressor valves to consider these factors. At first, we analyzed performance simulation of compressor to obtain optimal flexibility level of valves. From this simulation, we could get some important data at valve design like the optimal natural frequency and the height of retainer. After that we studied to reliability of valves corresponding to optimal flexibility level by finite element method. For each case bending stress and natural frequency were obtained by it. Also we investigated the fatigue stability to obtain optimal valve shape that ensured to reliability.