Latest news with #ROK
News24
a day ago
- Business
- News24
US labels South Korea election fair, but Trump allies target new president: ‘This is terrible'
Pedro Pardo/AFP The US labelled South Korea's election as fair. Liberal party candidate Lee Jae-myung won the presidency. US President Donald Trump's right-wing allies have taken aim at Lee. The White House said on Tuesday that South Korea's election, which saw liberal party candidate Lee Jae-myung win the presidency, was fair, but it expressed concern about Chinese interference. 'The US-ROK Alliance remains ironclad. While South Korea had a free and fair election, the United States remains concerned and opposed to Chinese interference and influence in democracies around the world,' a White House official said in an emailed response to a Reuters request for comment made at an earlier White House briefing. 'ROK' refers to the Republic of Korea. The official did not elaborate on the reference to alleged Chinese interference or connect it directly to the South Korean election. However, US President Donald Trump's right-wing allies have taken aim at Lee, who has spoken of the need to balance Seoul's relations with China and the US. Laura Loomer, a far-right activist who has jockeyed her way up from online agitator to self-appointed Trump adviser, posted 'RIP South Korea' on X on Tuesday after Lee's victory became clear. 'The communists have taken over Korea and won the Presidential election today,' she wrote. This is terrible. Laura Loomer Loomer has shown herself to be highly influential: Several high-ranking White House officials were fired this year after she presented Trump with a list of national security staffers she perceived to be disloyal. US Secretary of State Marco Rubio issued a statement congratulating Lee, and like the White House, spoke about the two countries' 'ironclad' alliance. He made no mention of concerns about China. 'The United States and the Republic of Korea share an ironclad commitment to the Alliance grounded in our Mutual Defence Treaty, shared values, and deep economic ties,' Rubio said. 'We are also modernising the Alliance to meet the demands of today's strategic environment and address new economic challenges.' Anthony Wallace/AFP Rubio also said the US would continue to deepen trilateral cooperation with South Korea and Japan, 'to bolster regional security, enhance economic resilience, and defend our shared democratic principles'. As South Korea's ousted former president, Yoon Suk Yeol, fought for his political life earlier this year, he raised unsubstantiated claims about possible fraud in South Korea's elections as one reason for his announcement of a martial law decree that had prompted his ouster. His backers adopted 'Stop the Steal' slogans and expressed hopes that Trump would intervene to help, but that never came. Yonhap/AFP 'Most of the 'election fraud' allegations I've seen reek of conspiracy theories and paranoia,' said Evans Revere, former US Deputy Ambassador for East Asian Affairs. 'It's unfortunate that a White House spokesperson would allude to these, especially since Lee's margin of victory was substantial and his conservative opponent quickly and unhesitatingly conceded his loss.' Last week, without providing evidence, Trump ally Mike Flynn, a retired general who briefly served as the president's national security adviser during his first term, referred in a post on X to 'signs of fraud' in the South Korea election, and said a fraudulent outcome would only benefit the Chinese Communist Party. Another Trump ally, Steve Bannon, explored a similar theme of Chinese election interference on his WarRoom channel last week. Lee's past comments about China, including his statement that a conflict over Taiwan would have nothing to do with South Korea, have provided fodder for those in the US government inclined to mistrust him, said Revere. His policy approach on China, Taiwan, Russia, Japan, and alliance- and trade-related concerns will be under close scrutiny in Washington and could lead to 'differences' between the two allies, he added. 'In that context, the White House spokesperson's comments could have been intended as a cautionary message to Korea's new president.'
Yahoo
2 days ago
- Business
- Yahoo
South Korea's President Lee Jae-myung takes office
(Reuters) -South Korea has elected liberal Lee Jae-myung as president to lead the country through a tumultuous period that will require negotiating trade tariffs with the U.S. and mending the scars from his ousted predecessor's shock martial law declaration. Following are some reactions to his victory: MARCO RUBIO, U.S. SECRETARY OF STATE "We congratulate President Lee Jae-myung on his election as the next president of the Republic of Korea (ROK)." "The United States and the Republic of Korea share an ironclad commitment to the Alliance grounded in our Mutual Defence Treaty, shared values, and deep economic ties. We are also modernising the Alliance to meet the demands of today's strategic environment and address new economic challenges." "We will also continue to deepen U.S.-Japan-ROK trilateral cooperation to bolster regional security, enhance economic resilience, and defend our shared democratic principles." SHIGERU ISHIBA, PRIME MINISTER OF JAPAN "Japan and South Korea are important neighbours that should cooperate as partners on various international issues," "The importance of Japan-South Korea relations remains unchanged under the current strategic environment. The cooperation among Japan, South Korea and the United States is also important." Ishiba also told reporters that the two countries should hold a bilateral summit as soon as possible. ANTONIO COSTA, PRESIDENT OF THE EUROPEAN COUNCIL "Looking forward to deepening our strategic partnership as key allies in the Indo-Pacific and beyond. We share a commitment to democracy, human rights and the rule of law, and we highly value South Korea's global role." (Writing by Saad Sayeed; Editing by Raju Gopalakrishnan)
Reuters
2 days ago
- Business
- Reuters
White House calls South Korea election 'fair,' expresses concern about Chinese influence
WASHINGTON, June 3 (Reuters) - The White House said on Tuesday that South Korea's election, which saw liberal party candidate Lee Jae-myung win the presidency, was fair, but it expressed concern about Chinese interference. "The US-ROK Alliance remains ironclad. While South Korea had a free and fair election, the United States remains concerned and opposed to Chinese interference and influence in democracies around the world," a White House official said in an emailed response to a Reuters request for comment made at an earlier White House briefing. "ROK" refers to the Republic of Korea. The official did not elaborate on the reference to alleged Chinese interference or connect it directly to the South Korean election. In recent days, however, right-wing allies of U.S. President Donald Trump have taken aim at Lee, who has spoken of the need to balance Seoul's relations with China and the United States. Laura Loomer, a far-right activist who has jockeyed her way up from online agitator to self-appointed Trump adviser, posted "RIP South Korea" on X on Tuesday after Lee's victory became clear. "The communists have taken over Korea and won the Presidential election today," she wrote. "This is terrible," she added. Loomer has shown herself to be highly influential: Several high-ranking White House officials were fired this year after she presented Trump with a list of national security staffers she perceived to be disloyal. U.S. Secretary of State Marco Rubio issued a statement congratulating Lee, and like the White House spoke about the two countries' alliance, also calling it "ironclad." He made no mention of concerns about China. "The United States and the Republic of Korea share an ironclad commitment to the Alliance grounded in our Mutual Defense Treaty, shared values, and deep economic ties," Rubio said. "We are also modernizing the Alliance to meet the demands of today's strategic environment and address new economic challenges." Rubio also said the United States would continue to deepen trilateral cooperation with South Korea and Japan, "to bolster regional security, enhance economic resilience, and defend our shared democratic principles." As South Korea's ousted former president, Yoon Suk Yeol, fought for his political life earlier this year, he raised unsubstantiated claims about possible fraud in South Korea's elections as one reason for his announcement of a martial law decree that had prompted his ouster. His backers adopted "Stop the Steal" slogans and expressed hopes that Trump would intervene to help, but that never came. Last week, without providing evidence, Trump ally Mike Flynn, a retired general who briefly served as the president's national security adviser during his first term, referred in a post on X to "signs of fraud" in the South Korea election, and said a fraudulent outcome would only benefit the Chinese Communist Party. Another Trump ally, Steve Bannon, explored a similar theme of Chinese election interference on his WarRoom channel last week.
Pink Villa
2 days ago
- Entertainment
- Pink Villa
Why is ASTRO's JinJin exempt from military service? Fantagio reveals diagnosis amid Cha Eun Woo's band acceptance
ASTRO member JinJin's autoimmune disease diagnosis was revealed to the fans. In an update shared by the group's management agency, it was announced to fans that the leader of the team will not be enlisting for mandatory military service. An examination from South Korea's Military Manpower Administration, a body under the ROK's Military Defence, found him unfit for service, thereby exempting the singer from mandatory service. The update from Fantagio shared very little information about the diagnosis, however, it was clarified to fans that it does not affect the singer's regular functioning. Check out the full notice below. 'Hello, this is Fantagio. This is in regard to ASTRO member JinJin's military service status. JinJin has been judged unfit to serve in the military after a detailed medical examination by the Military Manpower Administration due to health issues related to an autoimmune condition. We would like to inform you that while he has been exempt from military service, his condition does not cause any problems in his daily life. He is required to visit the hospital regularly for checkups and to manage his health. According to a medical opinion, it would be difficult for him to enlist for military service, and hence, he has been granted an exemption from mandatory military duty. Above all, we will continue to support his activities as an artist, with his health as the top priority. We would like to express our sincere gratitude to all the fans for your constant love and support, and we kindly ask for your continued interest in JinJin's future work. Thank you.' Recently, it was revealed that singer and actor Cha Eun Woo, who is also a member of the K-pop group ASTRO, has decided to enlist for his own military service. After careful application and approval, he has been admitted to a special arm of the ROK military band. The True Beauty star is set to begin his compulsory service on July 28, making him the 2nd member from the JinJin-led team to enlist for service. Previously, the oldest member, MJ, completed his national duty, returning on November 8, 2023, after serving for 18 months, also in the military band.
Yahoo
29-05-2025
- Business
- Yahoo
Rockwell Automation Hits 52-Week High: What's Driving Its Performance?
Rockwell Automation Inc. ROK scaled a new 52-week high of $314.94 on Wednesday before ending the session a tad lower at $312.39. The company currently has a market capitalization of $35.3 billion and a Zacks Rank #3 (Hold). Improved 2025 Guidance: Rockwell Automation plans to mitigate tariff costs through pricing actions and supply-chain optimization. The company increased its adjusted EPS guidance for fiscal 2025 to $9.20-$10.20. It earlier expected an adjusted EPS of $8.60-$9.80. The mid-point of the updated guidance range indicates no year-over-year change, whereas the earlier mentioned range suggested a decline of 5%.Focus on Portfolio Expansion: ROK is well-positioned to benefit from broadening its portfolio of hardware and software products, solutions, and services. It is also gaining traction from investments in the cloud. The company's FactoryTalk Design Studio includes a copilot, which improves automation system design efficiency and is integrated into this cloud-native application, an industry investments to globalize manufacturing, product development, building channel capability and partner networks will drive growth. The company is likely to witness above-market organic sales growth by expanding its served markets and improving offerings that will provide it with a competitive company continues to drive process improvement, functional streamlining, material cost savings and manufacturing productivity to augment earnings Actions: Rockwell Automation plans to implement actions, which include restructuring, to adjust its cost structure. It achieved productivity savings of around $110 million in the second half of fiscal 2024. The company is on track to reach around $250 million in year-over-year productivity benefits in fiscal increase actions to mitigate the impacts of inflationary pressures are also likely to improve margins. The company remains focused on buyouts that will augment its information solutions, and high-value service offerings and capabilities while expanding its global presence or enhancing process expertise. On Tuesday, the company announced that its newly released EtherNet/IP In-cabinet Solution aided Volga, a Rockwell Systems Integrator Partner, to reduce control panel wiring time by 66%. Volga's results also showed a 36% smaller panel footprint and a 32% weight reduction. This success demonstrates the value of our ethernet-enabled technology in driving productivity and competitiveness. This solution enables manufacturers to design and build sustainable, higher-quality control panels more efficiently. In the past year, Rockwell Automation shares have gained 24.6% against the industry's 11.8% decline. Image Source: Zacks Investment Research Some better-ranked stocks from the Computer and Technology space are Ubiquiti Inc. UI, Flex Ltd. FLEX and Greenland Technologies Holding Corporation GTEC. These the companies carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks has an average trailing four-quarter earnings surprise of 29.9%. The Zacks Consensus Estimate for Ubiquiti's 2025 earnings is pegged at $8.22 per share. UI shares have skyrocketed 189.9% over the past has an average trailing four-quarter earnings surprise of 16.2%. The Zacks Consensus Estimate for FLEX's fiscal 2025 earnings is pegged at $2.91 per share. Flex's shares gained 26.5% last Technologies has an average trailing four-quarter earnings surprise of 17.7%. The Zacks Consensus Estimate for Greenland Technologies's 2025 earnings is pegged at 48 cents per share. GTEC shares have risen 39.9% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rockwell Automation, Inc. (ROK) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report Ubiquiti Inc. (UI) : Free Stock Analysis Report Greenland Technologies Holding Corporation (GTEC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
