Board of Audit and Inspection Reopens Special Audit for Pension and Mutual Aid Fund Alternative Investments The Board of Audit and Inspection is resuming special audits of overseas alternative investments for domestic pension funds and mutual aid associations. The Board recently sent an official letter stating the reopening of these special audits on overseas alternative investments to major mutual aid associations, including the Korea Teachers’ Credit Union (KTCU) and Public Officials Benefit Association (POBA). These audits are starting after a six-month hiatus. At the time, as overseas commercial real estate prices had plummeted, an audit of overseas alternative investments was launched targeting eight major mutual aid associations and pension funds. […]