The present invention relates to soft magnetic steel materials and a soft magnetic steel member excellent in forgeability and excellent in electromagnetic characteristics, and a method of manufacturing the same, which uses AlN in a microstructure to suppress the possibility of abnormal grain growth during hot forging or after cold forging. The soft rolled steel materials excellent in forgeability according to one aspect of the present invention comprise, in % by weight, C: 0.001 to 0.02%, Mn: 0.1 to 1.2%, Si: 0.2 to 1.2%, Al:0.01 to 0.1%, N:0.005 to 0.015%, P:0.02% or less, S: 0.02% or less, and the unavoidable impurities, and satisfy the following relational expression 1, the microstructure is single-phase ferrite, and in[Relation1]: Al / N>= 2, wherein Al and N are contents indicating the content of each element (weight%).