AIESEC Local Committee Universitas Diponegoro was established in 1991. UNDIP as the 4th LC in Indonesia, is located in Semarang, the capital of Central Java Province.

Semarang has an area of 373.67 km² and approximately 1.5 million people making it the Indonesia's fifth largest city. Semarang is located at 6°58′S 110°25′E. A major port during the Dutch colonial era, and still an important port today, the city is known in Indonesia for its large ethnically Chinese population. The name of the city, Semarang, may have originated from the concatenation of the words "asem" (tamarind) and "arang" (rare). Another version is that Semarang is originated from Chinese word Sam Po Lang (San Bao Loong); mean the city of Sam Po (Admiral Zheng He). The Northern part of the city is lying across on the plain coast and the Southern part is on the hilly side from Candi Baru area upward to the town of Ungaran.

AIESEC Universitas Diponegoro was established in 1991 by 17 active youth, in the Universitas Diponegoro, Semarang, Indonesia. They were trying to build up the new generation of AIESEC in the capital of Cental Java Province, Semarang. Some of them are : M. Tri Prasetya, Iqbal, Afrizal, I Made Bayu D. They started to participate in AIESEC National Conference in University of Indonesia, and they went back home with the desire to develop AIESEC in Semarang. With the help of AIESEC University of Padjajaran (now, it is known as AIESEC LC Bandung) to expand and develop new LC, their eagerness brought them to their dream. Finally, they succeed to build new LC known as AIESEC LC University of Diponegoro, acting as the first LCP was Mr. Iqbal. Now, 19 generations had been left behind, but leaved a lot of unforgettable moments to its alumni, members and Exchange Participant. Since then, AIESEC LC UNDIP had been a part of AIESEC Indonesia and AIESEC International.