South Korean Software Defensive Blue Chips

Hua Hong Semiconductor

Market Cap: HK$237.7b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.

United Microelectronics

Market Cap: NT$952.9b

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

Ping An Bank

Market Cap: CN¥210.4b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Naturgy Energy Group

Market Cap: €25.2b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Amrize

Market Cap: CHF 23.0b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America.

Sampo Oyj

Market Cap: €24.9b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Nanya Technology

Market Cap: NT$920.3b

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Foshan Haitian Flavouring and Food

Market Cap: CN¥202.1b

Foshan Haitian Flavouring and Food Company Ltd.

NRG Energy

Market Cap: US$28.7b

Operates as an energy and home services company in the United States and Canada.

DexCom

Market Cap: US$28.6b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally.

Bank of Ningbo

Market Cap: CN¥198.1b

Provides various personal and business banking products and services in the People's Republic of China.

Montage Technology

Market Cap: CN¥196.8b

An integrated circuit (IC) design company, provides IC-based solutions for cloud computing and data center markets in the People’s Republic of China.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥196.8b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Adani Power

Market Cap: ₹2.6t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

Shinhan Financial Group

Market Cap: ₩40.4t

Provides financial products and services in South Korea and internationally.

National Bank of KuwaitK.P

Market Cap: د.ك8.6b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Constellation Brands

Market Cap: US$28.0b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

BPER Banca

Market Cap: €23.4b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Kraft Heinz

Market Cap: US$27.9b

Manufactures and markets food and beverage products in North America and internationally.

Koninklijke Philips

Market Cap: €23.2b

Operates as a health technology company in North America, the Greater China, and internationally.

Credicorp

Market Cap: US$27.7b

Provides various financial, insurance, and health services and products in Peru and internationally.

Astera Labs

Market Cap: US$27.6b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

China Everbright Bank

Market Cap: CN¥191.0b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Veolia Environnement

Market Cap: €22.8b

Designs and provides water, waste, and energy management solutions.

Atmos Energy

Market Cap: US$27.3b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

Huntington Bancshares

Market Cap: US$27.2b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States.

Nestlé India

Market Cap: ₹2.5t

Engages in the manufacture and sale of food products in India and internationally.

George Weston

Market Cap: CA$36.6b

Provides food and drug retailing, and financial services in Canada.

JD Health International

Market Cap: HK$209.9b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Banco do Brasil

Market Cap: R$139.3b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

Citizens Financial Group

Market Cap: US$26.8b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

Brown & Brown

Market Cap: US$26.8b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally.

EnBW Energie Baden-Württemberg

Market Cap: €22.3b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Avenue Supermarts

Market Cap: ₹2.4t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

CGN Power

Market Cap: HK$206.0b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.

Power Grid Corporation of India

Market Cap: ₹2.4t

An electric power transmission utility, engages in the power transmission business in India and internationally.