Basketball was one of the many sports which was held at the 1994 Asian Games in Hiroshima, Japan between 3 October and 15 October 1994. China defeated Korea in the men's final en route to their 4th title, while Korea edged host Japan to claim their 2nd title in the women's final.
| Men | Adiljan Suleyman Gong Xiaobin Hu Weidong Liu Daqing Liu Yudong Shan Tao Sun Jun Wang Zhidan Wu Naiqun Wu Qinglong Zhang Jingsong Zheng Wu | Chun Hee-chul Hur Jae Hyun Joo-yup Jung Jae-kun Kang Dong-hee Kim Seung-ki Kim Yoo-taek Kim Young-man Lee Sang-min Moon Kyung-eun Oh Sung-sik Seo Jang-hoon | Osamu Abe Satoru Furuta Masaki Goto Makoto Hasegawa Hiroharu Kaneko Manabu Miyake Yukinori Miyata Takehiko Orimo Kenichi Sako Satoshi Sekiguchi Akifumi Yamasaki Takeshi Yuki | |
| Women | Cho Hey-jin Chun Eun-sook Chun Joo-weon Chung Eun-soon Ha Sook-rye Han Hyun-sun Jung Sun-min Lee Hee-joo Park Hyun-sook Song Yung-won Yoo Young-joo Youn Young-mi | Mikiko Hagiwara Noriko Hamaguchi Yuka Harada Aki Ichijo Hiroe Kakizaki Takako Kato Kikuko Mikawa Chikako Murakami Akemi Okazato Taeko Oyama Takami Takeuchi Kagari Yamada | Li Dongmei Li Xin Liang Xin Liu Jun Ma Zongqing Peng Ping Sun Ying Wang Fang Zhang Weijuan Zheng Dongmei Zheng Haixia Zheng Wei |