A cubic structure of local Korean stone, containing the Australian coat of arms and service emblems in cast bronze and the inscription "In memory of all Australians who served to defend Korea". On one side of the memorial is a bronze plaque, arranged by Dr Ross Bastiaan, with information in English and Korean on Australia's role in the Korean War.

The Korean War began on 25 June 1950, when North Korean forces launched an invasion of South Korea. Personnel from the Australian Army, RAAF, and RAN fought as part of the United Nations (UN) multinational force, defending South Korea from the Communist force of North Korea.

Ceasefire negotiations began in July 1951 and continued for two years before an agreement was reached and an armistice signed on 27 July 1953, by which time the total military and civilian casualties for all sides involved in the conflict were approaching five million.

The cease-fire brought about by the Armistice has remained in effect since then, although a peace conference held in Geneva in April 1954 failed to produce a peace treaty, therefore, technically speaking, the Korean War has never officially ended. The presence of Australians in Korea continued with a peacekeeping force until 1957.

Refurbishment was undertaken by Hewitt Pender Associates through an Overseas Privately Constructed Memorials Restoration Program grant provided to the Defence Section of the Australian Embassy in Seoul.

Deayon-4dong, Nam-gu, Busan Metropolitan City, Korea.

The Australian Memorial is located within the United Nations Memorial Cemetery.