| Event: | Basketball |
| Games: | 1970 Asian Games |
| Venue: | Kittikachorn Stadium |
| Date: | 10–19 December 1970 |
| Nations: | 12 |
| Prev: | 1966 |
| Next: | 1974 |
Basketball was one of the 13 sports disciplines held in the 1970 Asian Games again in Bangkok, Thailand. South Korea got their first Asian basketball title by outlasting the defending champions Israel in the championship round. The games were held from December 10 to 19, 1970.
| Men | Choi Jong-kyu Choo Hun-geun Kim In-kun Kim Yeong-il Kwak Hyun-chae Lee In-pyo Lee Ja-young Park Han Shin Dong-pa Shin Hyun-soo Yoo Hi-hyung Yoon Pyung-no | Dan Barzily Tanhum Cohen-Mintz Hillel Gilboa Ronald Green Hanan Keren Ivan Leshinsky Itamar Marzel Gabi Neumark Mike Schwarz Haim Starkman Gabi Teichner Mark Turenshine | Shigeaki Abe Yoshikuni Awano Seiji Igarashi Isao Kimura Akira Kodama Satoshi Mori Fumihiko Moroyama Kazufumi Sakai Kenji Soda Atsushi Somatomo Masatomo Taniguchi Kunihiko Yokoyama |
The teams were seeded based on their final ranking at the 1966 Asian Games
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| width=40 | Rank | width=180 | Team | width=30 | width=30 | width=30 | |||
|---|---|---|---|---|---|---|---|---|---|
| 8 | 7 | 1 | |||||||
| 8 | 7 | 1 | |||||||
| 8 | 5 | 3 | |||||||
| 4 | 8 | 4 | 4 | ||||||
| 5 | 8 | 4 | 4 | ||||||
| 6 | 8 | 2 | 6 | ||||||
| 7 | 8 | 6 | 2 | ||||||
| 8 | 8 | 6 | 2 | ||||||
| 9 | 8 | 3 | 5 | ||||||
| 10 | 8 | 3 | 5 | ||||||
| 11 | 8 | 1 | 7 | ||||||
| 12 | 8 | 0 | 8 |