| Season: | 1994 |
| Competition: | Hite Cup Korean League |
| Winners: | Ilhwa Chunma (2nd title) |
| Continentalcup1: | Asian Club Championship |
| Continentalcup1 Qualifiers: | Ilhwa Chunma |
| Matches: | 105 |
| Total Goals: | 296 |
| Best Player: | Ko Jeong-woon |
| League Topscorer: | Yoon Sang-chul (21 goals) |
| Best Goalkeeper: | Valeri Sarychev |
| Prevseason: | 1993 |
| Nextseason: | 1995 |
The 1994 Korean League was the twelfth season of K League since its establishment in 1983.
| Award | Winner | Club | |
|---|---|---|---|
| Most Valuable Player |  Ko Jeong-woon | Ilhwa Chunma | |
| Top goalscorer | Yoon Sang-chul | LG Cheetahs | |
| Top assist provider | Ko Jeong-woon | Ilhwa Chunma | |
| Rookie of the Year | Choi Yong-soo | LG Cheetahs | |
| Manager of the Year | Park Jong-hwan | Ilhwa Chunma | |
| Best Defender/Goalkeeper |  Valeri Sarychev | Ilhwa Chunma | |
| Fighting Spirit Award | Lee Kwang-jong | Yukong Elephants | |
| Exemplary Award | Chung Jong-soo | Hyundai Horang-i | |
| Best Referee | Park Hae-yong | — |
| Position | Winner | Club |
|---|---|---|
| Goalkeeper | Valeri Sarychev | Ilhwa Chunma |
| Defenders | An Ik-soo | Ilhwa Chunma |
| Yoo Sang-chul | Hyundai Horang-i | |
| Hong Myung-bo | POSCO Atoms | |
| Huh Ki-tae | Yukong Elephants | |
| Midfielders | Hwangbo Kwan | Yukong Elephants |
| Shin Tae-yong | Ilhwa Chunma | |
| Ko Jeong-woon | Ilhwa Chunma | |
| Forwards | Yoon Sang-chul | LG Cheetahs |
| Rade Bogdanović | POSCO Atoms | |
| Kim Kyung-rae | Chonbuk Buffalo |