Military Mutual Aid Association

Military Mutual Aid Association is a retirement savings fund for South Korea’s military personnel, with about 10 trillion won ($9 billion) in assets and 170,000 subscribers. Financial investments were 7.74 trillion won at the end of 2019, of which alternative assets accounted for 70% at 5.39 trillion won. Overseas investments represent 34% of alternative assets from which it targets a 7% return.