Riemannian symmetric spaces are fundamental objects in finite dimensional differential geometry. An important problem is the construction of symmetric spaces for generalizations of simple Lie groups, especially their closest infinite dimensional analogues, known as affine Kac-Moody groups. We solve this problem and construct affine Kac-Moody symmetric spaces in a series of several papers. This paper focuses on the algebraic side; more precisely, we introduce OSAKAs, the algebraic structures used to describe the connection between affine Kac-Moody symmetric spaces and affine Kac-Moody algebras and describe their classification.