One of the major problems encountered when using bioabsorbable magnesium alloy stents is their loss of strength over time, which is due to their high elution rates. Although the use of a diamond-like carbon (DLC) coating to overcome this drawback, the excellent biocompatibility of which has been confirmed, is drawing attention, research on its application to magnesium alloy stents is still scarce. The present research aims to verify the corrosion characteristics of DLC-coated magnesium alloys to establish a DLC coating technique that will allow controlling the decomposition rate of bioabsorbable magnesium alloys. DLC films were formed using a 13.56 MHz radio-frequency (RF) plasma chemical vapor deposition (CVD) apparatus, and the corrosion characteristics were verified using electrochemical measurements. The results of the experiments reveal that a DLC coating decreases the corrosion current density in comparison to an untreated magnesium alloy and that the inhibition of localized corrosion is possible. Application of this DLC coating is expected to provide a stent that is capable of preventing fractures caused by localized corrosion and to enable the control of the decomposition rate.