With the low density and high specific strength, magnesium (Mg) alloys are lightweight alloys with various applications. In addition, combined with biocompatibility, similar mechanical properties to human bones, and unique biodegradability, Mg alloys are promising biodegradable implant materials for orthopedic surgeries. However, the degradation rates of Mg alloys are too fast in physiological environments, which limits the clinical applications of Mg implants. Therefore, understanding the corrosion behavior in physiological environments is crucial for developing biodegradable Mg alloys.During Mg alloy degradation, hydroxide (OH-) ions are generated, and the pH near the alloy surface increases. Since carbonate-bicarbonate (CO3 2--HCO3 -) is a vital pH buffer system in the human body, the corrosion behavior of Mg alloys would be affected by the CO2 concentrations of the test environments. In this study, we performed electrochemical and corrosion tests of a solution heat-treated WE43 (Mg-4 wt%Y-3 wt%Nd) alloy in Hanks’ balanced salt solutions (HBSS) at 37°C. By performing the tests in air and in an incubator maintained at 5% CO2, the effect of carbonate-bicarbonate pH buffering on the corrosion behavior and corrosion microstructure of the WE43 Mg alloy was investigated.When testing the WE43 Mg alloy in air, a general corrosion morphology was observed during the 24-hour immersion. In contrast, WE43 Mg alloy tested in the incubator shows a more active surface potential and localized corrosion initiates on the alloy surface in the early stages of immersion. Electrochemical impedance spectroscopy (EIS) analysis shows that WE43 Mg alloy tested in air has better corrosion resistance than in the incubator. Furthermore, the corrosion resistance of the alloy tested in air increases with immersion time but decreases when tested in the incubator. Potentiodynamic polarization curves after 24-hour immersion confirm that the corrosion current density (i corr) of the WE43 Mg alloy tested in the incubator is higher than that when tested in air. The difference in corrosion behavior is owing to the carbonate-bicarbonate pH buffering effect and will be discussed based on corrosion microstructure characterizations. Figure 1