Owning a significant advantage in the front court, Matthew Johns and Callum Dalton (four points, six rebounds) went to work early to give Australia a 7-2 lead.
Known for their ability to hit the three, Korea answered with a couple of timely long-range shots but Australia were able to give their opponents a taste of their own medicine as Johns and Patrick Bines (13 points) answered with three-pointers to see the Aussies to a four-point lead at quarter-time.
Lachlan Dent (five points, six boards, three assists) maintained the pressure off the bench in the half court defence, picking up three of the Aussies six steals for the first half while Samson Froling controlled the glass to reel in ten rebounds.
A steady turnover on the scoreboard saw Australia open up an eight-point lead at the main break and while the team's traded baskets out of the half, that suited the Aussies fine as they maintained a handy buffer.
11 players from the team had hit the scoreboard by three-quarter time but Korea had one last run left in them.
Trimming what was a nine-point lead, the Koreans pulled within two points with two minutes remaining.
Tom Fullarton was able to respond though before Australia pushed the tempo off a defensive rebound to get Bines an easy basket.
Fullarton then secured the victory with some clutch free-throw shooting, hitting 5-6 from the line to secure the victory.
The captain collected 12 points and four assists to lead four players in double figures with Johns (12 points, six rebounds) and Sean MacDonald (ten points) also starring while Froling impressed with nine points and 15 boards (six of which were offensive to tally just two less than the entire Korean team).
A box score for the game can be found here while a replay of the clash is available via FIBA below.
After winning silver medals at the past two tournaments, the Aussies will have been disappointed with their seventh placed finish in 2016.
However, their 3-4 record belies how competitive they were across the week with a stirring victory over Bosnia and Herzegovina in the Round of 16 the highlight while they pushed Spain all the way in the Quarter-Final.