The Socceroos, who have never won the Asian Cup and are hosting it for the first time, will open the tournament against Kuwait in Melbourne on 9 January, and will also face Oman in Group A. While both Australia and Korea Republic, who have reached eight consecutive FIFA World Cups, will be confident of reaching the knock-out stages, neither team can afford any slip-ups.
"It's a challenging group and it will be a tough three games for us, but from our perspective we'll know we'll be well prepared for it," Australia coach Ange Postecoglou told reporters.
On facing Korea, Postecoglou added:" At some point you have to play a team so our goal is to do well in this tournament. Everyone will be focusing on that and obviously that makes it challenging.
"That first game against Kuwait in Melbourne becomes a real critical one. We need to get off to a really strong start and if we can get those three points that will put pressure on the other teams."
"We will try our best to meet Australia in the final," said Hara Hiromi, General Secretary of the Japan Football Association, in the absence of national coach Alberto Zaccheroni. "We won against Australia (in a World Cup qualifier), but away it was tougher, so we can expect it to be the same again."
Uzbekistan were the top seeds in Group B along with three-time winners Saudi Arabia, China PR and Korea DPR.
"I know Uzbekistan very well because I have seen them many times in Qatar and they are a strong team to play," China's French coach Alain Perrin said. "But I think in this group everyone can lose points against anyone, so it's open. It's important to have a good start and to create a good spirit and maybe the spirit of the team can make the difference."
"Our group is quite balanced with three Arabic countries, neighbours, rivals, a lot of tension and emotion," Iran's Portuguese coach Carlos Queiroz said. "So it will tough, but I think Iran will have a good chance for a medal, especially for the Asian teams going to the World Cup."
Australia, who joined the Asian confederation in 2006, will hope to use home advantage to win their maiden Asian Cup after missing out 1-0 in extra time to Japan in the 2011 final.
Korea Republic missed out on one of the top seedings for the draw and were left as dangerous floaters after they temporarily fell outside Asia's leading four teams on the FIFA rankings.