| 1993–94 FIBA Korać Cup | |
| League: | FIBA Korać Cup |
| Sport: | Basketball |
| Finals: | Finals |
| Finals Champ: | PAOK Bravo |
| Finals Runner-Up: |  Stefanel Trieste |
| Seasonslistnames: | FIBA Korać Cup |
| Prevseason Link: | 1992–93 FIBA Korać Cup |
| Prevseason Year: | 1992–93 |
| Nextseason Year: | 1994–95 |
| Nextseason Link: | 1994–95 FIBA Korać Cup |
The 1993–94 FIBA Korać Cup season occurred between September 8, 1993, and March 16, 1994.
The competition was won by PAOK Bravo in a two-legged final against the Italian League club Stefanel Trieste. PAOK won both at home and away, by 9 points. It has been the club's second European title, after previously winning the 1990–91 FIBA European Cup Winners' Cup.
Recoaro Milano, the defending champions, were eliminated in the semi-finals by Stefanel Trieste.
Federal Republic of Yugoslavia's entrants were unable to participate for the second season in a row due to the UN economic sanctions.
After the 1993 dissolution of Czechoslovakia, Czech Republic and Slovakia had 4 representative clubs in the competition each.
This was the only season (and basketball international tournament overall) played by a team from Wales. Also, this was the debut season in international basketball club competition for Moldova.
77 teams, best qualified clubs in their domestic leagues, not participating in FIBA Europe League and FIBA European Cup (and applied for this competition), played knock-out rounds on a home and away basis. The sixteen teams qualified after the 1/16 final round (third round) entered the 1/8 final Group stage divided into four groups of four playing a round-robin. In case of a tie between teams in this stage one to one games and average points were taken into consideration. The two best placed teams from the groups formed quarterfinal knockout round (x pairings with home and away games). Winners advanced to the semifinals and after that the finals (also with the home and away games).[1]
A total of 77 teams participated in this season competition (36 teams entered the first qualifying round, another 36 teams started from the second qualifying round and 5 teams (Recoaro Milano, Scavolini Pesaro, PAOK Bravo, Maccabi Tel Aviv, Estudiantes Argentaria) received a bye to the third qualifying round.
The labels in the parentheses show how each team qualified for the place of its starting round:
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| Top two places in each group advance to quarterfinals |
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Spartak Lugansk (4th)
Zorile