Institute of Magnetism (IMAG) was founded in June 1995 on the basis of two departments of the Institute for Metal Physics and one department of the Institute of Geochemistry, Mineralogy and Ore Formation, both research institutes of the National Academy of Sciences of Ukraine.
The Institute was founded by the Joint Order of the Presidium of the National Academy of Sciences of Ukraine and the Ministry of Education of Ukraine on August 17, 1995, No. 181/249.
Institute of Magnetism of the National Academy of Sciences of Ukraine and the Ministry of Education and Science of Ukraine - scientific center for fundamental research in the field of Magnetism
The Institute was established by the Joint Order of the Presidium of  the National Academy of Sciences of Ukraine and the Ministry of Education of Ukraine on August 17, 1995, No. 181/249.

Director - Corresponding Member of the National Academy of Pedagogical Sciences of Ukraine, Professor Yuriy I. Gorobets
Honorary Director - Hero of Ukraine, Academician of the National Academy of Sciences of Ukraine Victor G. Bar’yakhtar