The 1977–78 FIBA Korać Cup was the seventh edition of FIBA's new competition, running from 15 November 1977 to 21 April 1978.

Partizan defeated Bosna in a Yugoslav civil final to become the competition's champion for first time.

This title was the third consecutive in a row for a Yugoslav team.

*İTÜ withdrew before the first leg, and Bosna received a forfeit (2–0) in both games.

21 March 1978, Sportska dvorana Borik, Banja Luka