Hongcheon magnetite deposit is embedded, as a lens shape, in biotite banded gneiss belonging to the Gyeonggi metamorphic complex. It gradationally changes to the host quartz-feldspathic banded gneiss in the mineral composition. Magnetite ore bodies are composed of magnetite ores and magnetite banded gneiss which gradationally change each other in the amount of magnetite. They consist mainly of magnetite, quartz, plagioclase and chlorite accompanied with amphibole, biotite, muscovite, monazite, apatite, ankerite, siderite, rhodochrositic dolomite, calcite and rutile. Amphibole is subdivided into hornblende, richterite and magnesio-riebekite in magnetite ores, and magnesio-, ferro- or actinolitic hornblende in magnetite banded gneiss. The variation in chemical composition may be influenced by bulk composition and controlled mainly by glaucophane $Na(M4)Al_3^{VI}=CaMg$ and richterite Na(M4)Na(A)=Ca substitutions. Biotite in magnetite banded gneiss has an annite composition. Chlorite changes in chemical composition from pycnochlorite to diabantite in magnetite ores and belongs to pycnochlorite in magnetite banded gneiss. The mafic minerals and feldspar have been strongly altered by carbonate minerals which are secondarily formed by introduced hydrothermal solution. Fe-bearing carbonate minerals can be subdivided into ankerite, siderite and rhodochrositic dolomite according to the ratio of Fe-Mg-Mn component.