We designed and constructed the high frequency magnetic characteristics measurement system to measure core loss, B-H curve, permeability of toroidal ferrite core, amorphous core and various materials for high frequency application. The system consists of universal equipments such as digitizing oscilloscope, signal generator, power amplifier, PC in order to make upgrade easily. The power source is composed of waveform synthesizer and power amplifier ranging from DC to 20 MHz, and output signal H and B from sample core are digitized by oscilloscope with sampling rate 1 GS/ s per channel. Computer controls power source and oscilloscope, reads data from oscilloscope, displays analyzed waveform and saves data with file. The entire procedures finishes within few seconds.