Trump Media Weighs Truth Social Spin-Off Amid $6B Fusion Energy Pivot 
MOEX Russia Index Hits 3-Month High as Energy Stocks Lead Gains 
Trump Warns Iran as Gulf Conflict Disrupts Oil Markets and Global Trade 
Asian Currencies Slide as US-Israel Strikes on Iran Trigger Oil Surge and Risk-Off Rally 
Middle East Airspace Shutdown Disrupts Global Flights After U.S.-Israel Strikes on Iran 
Australia Housing Market Hits Record High Despite RBA Rate Hike 
Boeing Secures $166.8 Million U.S. Navy Contract for P-8A Engineering and Software Support 
USITC to Review Impact of Revoking China’s PNTR Status, Potentially Raising Tariffs on Chinese Imports 
Asian Markets Slide as Nvidia Earnings, U.S.-Iran Tensions and AI Valuations Weigh on Investor Sentiment 
U.S. Stocks Close Lower as Hot PPI Data, Nvidia Slide Weigh on Wall Street 
Ecuador Raises Tariffs on Colombian Imports to 50% Amid Border Security Dispute 
Qantas Shares Plunge 10% as Iran Strikes Send Oil Prices Soaring and Disrupt Global Flights 
Netflix Declines to Raise Bid for Warner Bros. Discovery Amid Competing Paramount Skydance Offer 
Greg Abel’s First Berkshire Hathaway Shareholder Letter Signals Continuity, Caution, and Capital Discipline 
Australia Targets AI Platforms With Strict Age Verification Rules 
Nintendo Share Sale: MUFG and Bank of Kyoto to Sell Stakes in Strategic Unwinding 
Pulmuone Food & Culture Co. Ltd., the cafeteria service management unit of Pulmuone Seoul-based food producer, has launched a vegan restaurant inside a shopping mall complex located in the posh district of Gangnam.
The location is also known as the hub for fashion and finance, so Pulmuone has chosen this place to set up its vegan restaurant to target the population here, especially the growing communities of vegans.
As per Aju Business Daily, the number of people who do not eat meat and prefer to be vegans has slowly increased in South Korea. The increased health awareness and well-being were cited as the main reasons for the shifts in lifestyles, including the food they eat.
Based on the record from the Korea Vegetarian Union, the total number of vegans in the country has dramatically gone up from around 150,000 only in 2008 to about 1.5 million in 2018. In fact, vegan restaurants have started to sprout, and in 2019, there were already 500 of them.
With the growing popularity of veganism, the number of Korean vegans continues to rise, and this has led to a surge in demand for vegan meat. Euromonitor market research firm released data showing that the vegan meat market in the country stood at ₩10.2 billion or $8 million as of 2020. This shows that more and more people are becoming vegans since everyone wants to take better care of their health now.
With the surge, Shinsegae Food company released vegan meat products that were also supplied to Starbucks for its sandwiches. Emart convenience store also started adding the Unlimeat plant-based meat products to its selected outlets.
The trend also pushed Pulmuone Food & Culture Co. Ltd to set up its own vegan restaurant where Pulmuone’s vegan and plant-based products would be used in food preparations. The company said that it has named its vegan “Plantude,” and people can visit it at the COEX Mall in Seoul.
The restaurant has 47 seats, and Pulmuone Food & Culture Co. Ltd has prepared a menu of 13 vegan dishes, including the plant-based rice bowl called the Bulgogi Deopbap. The barbecued marinated beef in this menu is made using alternative meat. The Korea Agency of Vegan Assessment & Certification has verified the company’s plant-based products, and there is a certificate for it.
