Basketball was one of the many sports which was held at the 2002 Asian Games in Busan, South Korea between 28 September and 14 October 2002. The competition took place at Geumjeong Gymnasium and Sajik Arena.
The teams were seeded based on their final ranking at the 1998 Asian Games.
* Lebanon and India withdrew, India was replaced by North Korea and Kuwait moved to Group A to balance the number of teams in each group.
* Lebanon and India withdrew, The remaining teams played in a round-robin competition.