Provided is the virtual computer system including an emulation module for emulating an operation based on an operation code for executing the operation of hardware of a server system, an exception event handler module for calling the emulation module when an exception event is generated by a CPU, a code management module for managing a promotion code for emulating the operation of the hardware of the server system, a frequency judgment module for judging whether a frequency of the operation of the hardware of the server system is high, and a switching module for determining whether to call the emulation module by the exception event handler module or to call the emulation module by executing the promotion code based on the judged frequency. Accordingly, the virtual computer system can simultaneously achieve high performance and memory saving in an emulation system.