Trading name Iriver Ltd Type Public Industry Consumer electronics Founded 1999 | Formerly called ReignCom Traded as KOSDAQ:060570 Founder Duk-Jun Yang | |
Subsidiaries iriver, iRiver HongKong Ltd., Iriver Eu Gmbh, Yurion, Inc., Early Adopter Co.,Ltd., iRiver Japan KK Inc | ||
iriver Inc is an electronics and entertainment company founded in 1999 originally as ReignCom. Headquartered and based in South Korea, it is the parent company of MP3 player manufacturer iriver, as well as Yurion and Funcake Entertainment Services.
History
Seven former Samsung executives created the company in 1999 and made its IPO on the KOSDAQ, a Korean stock exchange, in 2003. Duk-Jun Yang, the founder, is CEO.
ReignCom announced in May 2006 that it would adjust its focus toward handheld mobile gaming. It has reported sluggish sales for its music player business, including a loss of 35.58 billion (US$36.68 million) in 2005, compared with a net profit of 43.46 billion in 2004.
In 2009, ReignCom renamed to Iriver.
References
Iriver Inc Wikipedia(Text) CC BY-SA