Co-based amorphous powder was produced by a new atomization process “Spinning Water Atomization Process (SWAP)”, having rapid super-cooling rate. The composition of the alloys was ((Co0.95Fe0.05)1-xCrx)75Si15B10 (x=0, 0.025, 0.05, 0.075). The powders became the amorphous state even if particle size was up to about 500 μm. The coercive force of powders was about 0.35 - 0.7 Oe. Furthermore, Co-based amorphous powder cores with glass binders were made by cold-pressing and sintering methods. The initial permeability of the core in the frequency range up to 100 kHz was about 110, and the core loss at 100 kHz for Bm = 0.1 T was 350 kW/m3.