The 1992–93 FIBA Korać Cup was the 22nd edition of FIBA's Korać Cup basketball competition.

Federal Republic of Yugoslavia's entrants were unable to participate due to the UN economic sanctions.

*Spartak Pleven withdrew before the first leg and Urartu received a forfeit (2–0) in both games.

*Budućnost, Užice, Vojvodina, and Radnički Belgrade were banned from competing due to international sanctions on FR Yugoslavia; their rivals received a forfeit (2–0) in both games.

*Çukurova Üniversitesi withdrew before the first leg and their rivals received a forfeit (2–0) in both games.