Over 14 minutes into the overtime, Canadian forward Anson Carter beat Swedish goaltender Mikael Tellqvist with a wraparound goal.

Sweden surrendered five consecutive goals against Finland in their quarterfinal to trail 5–1 seven minutes into the second period, at which point Swedish goaltender Tommy Salo was swapped for Mikael Tellqvist.

This proved to be the Swedish team's necessary wake-up call as the Swedes went on to score five unanswered goals before the end of regulation and ultimately win the game 6–5.

South Korea had opted to not play as they believed it more beneficial to focus on training and developing for their Division II tournament.

The final standings of the tournament according to IIHF: List shows the top ten skaters sorted by points, then goals, then (fewer) games played.