We analyzed a total of six months of geomagnetic data obtained at Cheonyang observatory, which is operated by Korean Meteorological Administration, to monitor earthquake precursors. Geomagnetic transfer functions (GTFs) and polarization values, which reflect the time-variations of the resistivity of subsurface, were estimated from 3-component geomagnetic data. The time-variant fluctuations were compared with the earthquake events occurred in the same period. Now that the daily GTFs show fairly irregular variations, we can not identify any correlation with the already occurred earthquakes and Kp index. On the other hand, we detect clear increases of the Ultra-Low-Frequency (ULF) band polarization values before the earthquakes, but the similar features are also observed even though the earthquake did not occur. This result may indicate that these time-variations are not just due to the earthquake precursor. For further understanding about these results, we need to investigate the relationship between the previous earthquake events and the geomagnetic data of other observatories.