Dining Code a Korean startup providing restaurant recommendation services has secured US$1.7m (KRW 2b) investment from Posco Technical Investment, ID Ventures, Seoul Investment Partners, HBIC and Magellan Technical Investment. The company had also received a seed investment amount of US$170k (KRW 200m) from K Cube Ventures in July 2014. Dining Code sources reliable restaurant data from tens of thousands of different blogs. The information used by the platform removes biases of personal…

MangoPlate announced today a series A funding round from Softbank Ventures Korea. As described on their Google Play download page, “MangoPlate is your go-to app for discovering the best restaurants in South Korea. Available in English and Korean, MangoPlate will help you resolve your daily problem of where to eat by connecting you with trustworthy people as well as the best restaurants in South Korea.” Ryan Lee, Executive Director at Softbank Ventures Korea…

You need only check out professional eaters on YouTube or Psy’s latest video to see that eating is a national obsession in Korea. What’s more, metropolitan Seoul is active 24 hours a day and is home to around 26 million people. Taking this into account its not surprising that the market size for the restaurant sector is around $60Bn per year, with more than 500,000 restaurants open for business. The area of…