Public Officials Benefit Association

Public Officials Benefit Association (POBA) is a mutual aid association for South Korea’s provincial government employees. It is one of the country’s two biggest mutual aids, alongside KTCU, with 15.2 trillion won ($13 billion) in assets under management. Alternative investments make up 9 trillion won, of which overseas alternative investments represent around 5.3 trillion won. It plans to increase the portion of alternatives to 65% from the current 60% over the next three years. It is aiming for a 6.5% return from alternative investments.