The Taiwan Photon Source (TPS) is a third-generation 3 GeV synchrotron accelerator light source. After successfully operating for ten years since its first light in 2013, various subsystems are undergoing updates. In the context of magnet power supply upgrades, the trend toward digitization and high-precision modulation control is driving advancements worldwide. This study focuses on developing a fully digital correction magnet power supply (FDCMPS) based on a digital signal processor (DSP). The prototype utilizes a low-power, floating-point DSP with multiple communication functionalities as the core control unit. The output current is converted into digital values using current sensors and high-precision analog-to-digital converters. Discrete PI compensator algorithms are implemented within the DSP to generate pulse-width modulation (PWM) waveforms, driving a full-bridge (H-bridge) converter configuration with metal-oxide-semiconductor field-effect transistors (MOSFET). This forms a complete, fully digital closed-loop current control system. A virtual control interface is designed to operate the FDCMPS state. The control loop design of the prototype has been validated and demonstrates stable output bipolar current performance. When tested with a 0.1 V input reference signal, the prototype achieves a -3 dB bandwidth of 2.03 kHz. Finally, a hardware prototype circuit was constructed in the power supply laboratory, with an input voltage of 48 V, an output current of 10 A, and a maximum power of 400 W. Overall, the developed fully digital correction magnet power supply prototype showcases stable and high-performance output bipolar current performance. The system achieves total harmonic distortion of output current ripple within 0.3 mA peak to peak and long-term stability within ± 15 ppm. The successful implementation of the prototype establishes a solid foundation for advancing magnet power supply technology at the TPS.