Public Officials Benefit Association

Public Officials Benefit Association (POBA) is a mutual aid association for South Korea’s provincial government employees. Managing 21.1 trillion won in assets as of the end of 2022, POBA is one of the country’s two biggest mutual aids alongside KTCU. Overseas assets accounted for 69% of 16.6 trillion won in alternative investments as of end-2022. The retirement fund aims at a 6.5% return from alternative investments.