Constituents of the 2024 KEDI Innovator ESG 30 Index 1 Samsung Electronics Co.2 Hyundai Motor Co.3 SK Hynix Inc.4 Naver Corp.5 LG Energy Solution Ltd.6 Samsung Biologics Co.7 LG Electronics Inc.8 Kia Corp.* 9 Hanwha Aerospace Co.* 10 Celltrion 11 KakaoBank Corp.12 POSCO Holdings Co.13 SK Telecom Co.* 14 Samsung SDI 15 Alteogen Inc.* 16 LG Innotek Co.17 Krafton Inc.18 Hyundai Mobis Co.* 19 Shinhan Financial Group* 20 KB Financial Group* 21 Yuhan Corp.22 Samsung Electric-Mechanics Co.* 23 Classys Inc.24 SK Biopharmaceuticals Co.25 LS Electric Co.* 26 Hana Financial Group* 27 Meritz Financial Group* 28 Leeno Industrial Inc.* 29 Hanmi Pharm Co.30 Mirae Asset Securities Co.* * New entrants MOBILITY STOCKSThe survey was conducted after global rating agency S&P upgraded Hyundai and Kia to A- from BBB+.
Mobility, financial services and biotech companies have elbowed out battery and entertainment stocks in the KEDI Innovator ESG 30 Index in an annual reshuffle, with 13 companies making them onto the index tracked by exchange traded funds.Kia Corp.and Hyundai Mobis Co.gained entry to the index, while their sister company Hyundai Motor Co.climbed to second from fourth among the 30 constituents of the index.
In contrast, battery and their materials makers such as POSCO Future M Co., EcoPro BM Co., Samsung SDS Co.will drop out from Sept.13 amid a slowdown in electric vehicle demand.HYBE Co., a company behind global sensation boy band BTS, JYP Entertainment Corp.and Studio Dragon Corp., a Korean drama powerhouse, will be removed from the list, as well, after they delivered pooer-than-expected results in the first half of this year.
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