Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
SoftBank Shares Drop as OpenAI Losses and Rising Costs Spark Investor Concerns 
Gold Holds Gains as Oil Prices Retreat and Fed Decision Looms 
US-Iran Ceasefire Deal Extends Peace Talks and Eases Oil Trade Restrictions 
Australia’s Atlas Arteria Rejects IFM Global’s Increased A$7.4 Billion Takeover Offer 
SK Hynix Shares Hit Record High After Shipping Next-Generation HBM4E AI Memory Samples 
Dollar Slips as U.S.-Iran Peace Deal Optimism Boosts Risk Appetite Ahead of Fed Decision 
Woodside Energy Denies Exxon Mobil Takeover Talks Amid LNG Growth Focus 
Trump Questions USMCA Renewal as Trade Talks Continue 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Samsung Gains Interest from BYD, Google, AMD as AI Chip Demand Strains TSMC Capacity 
G7 Explores AI Access Deal With U.S. Amid Anthropic Restrictions 
Google Gemini Co-Lead Noam Shazeer Leaves for OpenAI Amid AI Talent Race 
SpaceX Surpasses Amazon in Market Value as Post-IPO Rally Accelerates 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
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.
