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The 1998–99 FIBA Korać Cup was the 28th edition of FIBA's Korać Cup basketball competition. The Spanish FC Barcelona defeated the Spanish Adecco Estudiantes in the final. This was FC Barcelona's second time winning the title following a victory in 1987.
Team allocation
Country ranking
For the 1998–1999 FIBA Korać Cup, the countries are allocated places according to their place on the FIBA country rankings, which takes into account their performance in European competitions from 1995–96 to 1997–98.
Note BIH: After the war in Bosnia, the basketball league in BIH was divided in three parts by ethnicity. Borac Nektar participated as a champion of the league of Republika Srpska, not included for the playoffs for the champion of BIH