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The 1997–98 FIBA Korać Cup was the 27th edition of the third tier European basketball tournament FIBA Korać cup and had 84 participants (42 teams played from the first round and another 42 teams from the second round). Mash Jeans Verona won the tournament.
Team allocation
Country ranking
For the 1997–1998 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 1994–95 to 1996–97.
Note YUG:KK Vojvodina participated instead of BFC Beočin because of merging those two clubs after the 1996–97 season.
KK Crvena zvezda (although hadn't been qualified to competition) replaced Mornar Bar, which team withdrew due to financial difficulties.
Note BIH: After the war in Bosnia, basketball league in BIH was divided in three parts by ethnicity. HKK Brotnjo participated as a champion of the league of
Herzeg-Bosnia