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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.
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.
Competition system
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).