South Korean Utilities Defensive Blue Chips

Verizon Communications

Market Cap: US$194.1b

Through its subsidiaries, engages in the provision of communications, technology, information, and streaming products and services to consumers, businesses, and governmental entities worldwide.

Analog Devices

Market Cap: US$186.0b

Engages in the design, manufacture, testing, and marketing of integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia.

Arm Holdings

Market Cap: US$186.0b

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers.

AT&T

Market Cap: US$182.8b

Provides telecommunications and technology services worldwide.

Banco Santander

Market Cap: €153.3b

Provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide.

Toronto-Dominion Bank

Market Cap: CA$242.7b

Provides various financial products and services in Canada, the United States, and internationally.

Allianz

Market Cap: €149.6b

Provides property-casualty insurance, life/health insurance, and asset management products and services worldwide.

Abbott Laboratories

Market Cap: US$167.2b

Abbott Laboratories, together with its subsidiaries, discovers, develops, manufactures, and sells health care products worldwide.

Intuitive Surgical

Market Cap: US$165.4b

Develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally.

Deutsche Telekom

Market Cap: €138.8b

Provides integrated telecommunication services worldwide.

Iberdrola

Market Cap: €133.0b

Engages in the generation, production, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia.

China Merchants Bank

Market Cap: CN¥1.0t

Provides various banking products and services.

Ping An Insurance (Group) Company of China

Market Cap: CN¥1.0t

Ping An Insurance (Group) Company of China, Ltd.

QUALCOMM

Market Cap: US$146.7b

Engages in the development and commercialization of foundational technologies for the wireless industry worldwide.

Anheuser-Busch InBev

Market Cap: €122.1b

Produces and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific.

China Life Insurance

Market Cap: HK$1.1t

Operates as a life insurance company in the People’s Republic of China.

HDFC Bank

Market Cap: ₹12.5t

Provides banking and financial products and services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai.

Sumitomo Mitsui Financial Group

Market Cap: JP¥20.9t

Provides banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania.

Tokyo Electron

Market Cap: JP¥20.8t

Develops, manufactures, and sells semiconductor production equipment in Japan, South Korea, Taiwan, China, North America, Europe, and internationally.

Stryker

Market Cap: US$129.6b

Operates as a medical technology company in the United States and internationally.

Marvell Technology

Market Cap: US$129.3b

Provides data infrastructure semiconductor solutions and spanning the data center core to network edge in the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, Vietnam, and internationally.

DBS Group Holdings

Market Cap: S$163.3b

Provides commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally.

Chubb

Market Cap: US$128.2b

Provides insurance and reinsurance products worldwide.

Banco Bilbao Vizcaya Argentaria

Market Cap: €107.7b

Provides various financial services in Spain, Mexico, Turkey, South America, Europe, the United States, and Asia.

Advantest

Market Cap: JP¥19.9t

Manufactures and sells semiconductors, component test systems, and mechatronics-related products in Japan, rest of Asia, the Americas, and Europe.

Bharti Airtel

Market Cap: ₹11.3t

Operates as a telecommunications company in India and internationally.

Progressive

Market Cap: US$119.1b

Operates as an insurance company in the United States.

BNP Paribas

Market Cap: €101.4b

Provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Intesa Sanpaolo

Market Cap: €100.5b

Engages in the provision of various financial products and services in Italy, Central/Eastern Europe, the Middle East, and North Africa.

UniCredit

Market Cap: €100.4b

Provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe.

Al Rajhi Banking and Investment

Market Cap: ر.س429.9b

Provides banking and investment services in the Kingdom of Saudi Arabia and internationally.

Enel

Market Cap: €97.3b

Operates as an integrated operator in the electricity and gas industries worldwide.

Kioxia Holdings

Market Cap: JP¥17.9t

Engages in the development, production and sale of flash memory and solid state drives (SSDs) in Japan and internationally.

EssilorLuxottica Société anonyme

Market Cap: €95.4b

Designs, manufactures, and distributes ophthalmic lenses, frames, sunglasses, and instruments and equipment in North America, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific.

AIA Group

Market Cap: HK$864.0b

Provides life insurance based financial services in Hong Kong.

State Bank of India

Market Cap: ₹10.3t

Provides banking products and services in India and internationally.