This paper deals with the study on the rotordynamic and experimental analysis of turbine-generator system connected with a magnetic coupling. Although magnetic coupling has been used to torque transmission of chemical processing pump rotating at under 3,600rpm, magnetic coupling in this study is applied to high-speed turbine-generator system using a working fluid that is refrigerant such as ammonia or R-124a. Results of rotordynamic design analysis are as follows. The first, shaft diameter nearest to outer hub of magnetic coupling has a big effect on the $1^{st}$ critical speed of generator rotor. The second, if the $1^{st}$ critical speeds of turbine rotor and generator rotor have enough to separation margin in comparison to rated speed, the $1^{st}$ critical speed of turbine-magnetic coupling-generator rotor train has enough to separation margin regardless of connection stiffness of magnetic coupling. The analytical FE model is guaranteed by impact test on the prototype and condition monitoring such as measurements of vibration and bearing temperature is also performed.