It is realized that the extraterrestrial matter is in ionized state, plasma, so the matter of this kind behaves as not expected because of its sensitiveness to electric and magnetic fields and its ability to carry electric currents. This kind of subtle change can be observed by an instrument for the magnetic field measurement, the magnetometer usually mounted on the rocket and the satellite, and based on the ground observatory. The magnetometer is a useful instrument for the spacecraft attitude control and the Earth's magnetic field measurements for the scientific purpose. In this paper, we present the preliminary design and the test results of the two onboard magnetometers of KARl's (Korea Aerospace Research Institute) sounding rocket, KSRIII, which will be launched during the period of 2001-02. The KSR-III magnetometers consist of the fluxgate magnetometer, MAG/AIM (Attitude Information Magnetometer) for acquiring the rocket flight attitude information, and of the search-coil magnetometer, MAG/SIM (Scientific Investigation Magnetometer) for the observation of the Earth's magnetic field fluctuations. With the MAG/AIM, the 3-axis attitude information can be acquired by the comparison of the resulting dc magnetic vector fields with the IGRF (International Geomagnetic Reference Field). The Earth's magnetic field fluctuations ranging from 10 to 1,000 Hz can also be observed with the MAG/SIM measurement.