Cut a bar magnet in half and you get two magnets, each with a north and a south. Cut those in half and the same is true again. The dipole is not made of separable poles — it is a circulation. There is, in ordinary matter, no such thing as a lone north.
In 1931 Paul Dirac showed that if even one magnetic monopole exists anywhere in the universe, the quantization of electric charge follows as a theorem. The condition is exact: eg = nℏc⁄2. A single isolated pole would explain why charge comes in clean integer multiples. That is a strong reason to look.
It has still never been observed.