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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 17.9 trillion won in assets under management as of June 2021. It aims to raise its alternative investment portion from the current 60% to 65% by 2023. In the end-2020, its annualized return on investment was 6.1%.

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