A magnetic pen can be used in drawing arbitrary characters, figures, and symbols on a magnetic panel for a display by applying a magnetic field. The magnetic pen includes a body that includes an end portion. A holder made of a magnetic material is attached to the end portion and an internal space is formed in the holder. The holder includes a bottom portion formed with an opening and a side portion connected to the bottom portion. A magnet is arranged in the internal space of the holder. The magnet is received in a space formed by the bottom portion and the side portion.