Police Mutual Aid Association

Police Mutual Aid Association

The Police Mutual Aid Association was established in 1989 to stabilize the financial security of South Korean police personnel. It operates as a public agency under the oversight of the National Police Agency and maintains direct responsibility for member pensions, disability benefits and support for families of officers killed or injured in the line of duty. Investment activity centers on real estate and infrastructure. Confirmed holdings include a 30 percent equity interest in Cannon Green, a 110,000 sq ft office building in London acquired via Kiwoom Securities syndication, and a $23.4 million commitment to the Goyang Data Center Project in Gyeonggi Province alongside GIC. Additional positions encompass City Center Tower in Seoul, KOREIT Tower in Gangnam-gu and One Channel Center in Boston. The portfolio also includes commitments to the AMP Capital Global Infrastructure Fund and the LGT ILS Fund. The association employs 88 professionals at its Mapo-gu headquarters. It maintains membership in the Public Community for Overseas Investment led by Korea Investment Corporation and participates in the Pension Real Estate Association. In April 2025 Lee Young-sang was appointed chairman after serving as commissioner of the Incheon Metropolitan Police Agency. The organization also runs scholarship programs for dependents of police officers and provides direct financial assistance to families affected by line-of-duty incidents. A structural feature is its dual mandate as both benefit administrator and institutional investor. Capital deployment occurs through direct real-estate acquisitions, joint ventures with other Korean public funds such as Korea Post and Military Mutual Aid Association, and limited-partner commitments to global managers including Goldman Sachs Asset Management and Antares Capital.