Research and development on superconducting magnetic energy storage (SMES) system have been done to realize efficient electric power management for several decades. Korea Electrotechnology Research Institute (KERI) has developed a 3MJ/750kV A SMES system to improve power quality in sensitive electric loads. It consists of an IGBT based power converter, NbTi mixed matrix Rutherford cable superconducting magnet, and a cryostat with HTS current leads. A computer code was developed to find the parameters of the SMES magnet which has minimum amount of superconductors for the same stored energy, and the 3MJ SMES magnet was designed based upon that. This paper describes the fabrication and experimental results of a 3MJ/750kV A SMES system.