For what reasons that Asian-Pacific states failed to construct a powerful security community similar to NATO in European region? As opposed to European Security Community's solid infrastructures-collective identity, regionalism, and the origins of multilateralism, ASEAN gas been rooted in a highly-divided socio-cultural circumstances. This paper aims to explore the opportunities and challenges of ASEAN's endeavors to construct a 'security community' from the viewpoint of 'security governance' and takes the recent '2003 Bali Concord II' as a case of content analysis.