The Division III tournaments made up the fourth level of competition at the 2008 IIHF World U18 Championships.

[1] New Zealand and South Africa both returned to compete in the Division III competition after missing promotion at the previous years World Championships.

[3] Chinese Taipei and Mongolia returned to international competition, having last played in the 2002 IIHF Asian Oceanic U18 Championship.

[1] Christopher Eaden of New Zealand led the tournament in scoring with 18 points and was named the top forward by the IIHF directorate.

The tournament was resumed three days later with equipment being provided to monitor blood oxygen levels and the heart rate of players.

[12][13] Serbia finished first after winning all four of their games and gained promotion back to Division II for the 2009 IIHF World U18 Championships.