The 2012 World Junior Ice Hockey Championship Division III tournament was played in Dunedin, New Zealand, between 17 and 22 January 2012. This year, only the first-placed team advanced to Division II B for 2013, previously, the top two teams gained promotion to Division II. Although originally scheduled to participate, North Korea withdrew from the tournament for unspecified reasons. Iceland won the tournament and was promoted to Division II B for the 2013 World Juniors.