SECURITIES AND EXCHANGE COMMISSION

                                Washington, D.C.

                                    FORM 6-K

                            Report of Foreign Issuer

                    Pursuant to Rule 13a- 16 or 15d-16 of the
                         Securities Exchange Act of 1934

                      Press Release dated February 20, 2001

                             Eiger Technology, Inc.
                              330 Bay St. Suite 602
                                   Toronto, ON
                                     M5H 2S8

[Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F]

                           Form 20-F |X| Form 40-F |_|

[Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information by the
Commission pursuant to Rule 12g3-2(b) under the Securities Act of 1934.]

                                  Yes |X| No|_|

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                             Eiger Technology, Inc.


Date:  February 20, 2001                Mr. Gerry A. Racicot
                                        President


            EIGER TECHNOLOGY, INC. ACQUIRES STANDARD TELECOM AMERICA

Toronto, ON-February 20, 2001 - Eiger Technology, Inc. (Eiger), a vendor of
computer products and peripherals sold through OEM customers, today announced
that it has signed a memorandum of understanding to acquire a 55% controlling
interest in Standard Telecom America (STA) from Standard Telecom Co. of Korea
(STC) for 7.2 million shares of Eiger. This acquisition is expected to close on
March 8, 2001, subject to Eiger's due diligence and approval from applicable
regulatory authorities.

STA is a California based company that focuses on North American distribution of
wireless communication devices under the popular "Nixxo" brand name. The
acquisition of STA represents additional revenue and operating earnings of CDN
$50 million and $1.5 million per year respectively to Eiger.

Through the acquisition of STA, Eiger has demonstrated its' ability to enhance
shareholder value by both growing and diversifying its' revenue and earnings
base despite an overall slowdown in the PC industry. In addition to increased
sales and earnings, this acquisition has several benefits to Eiger:

1.    The marketing and sales team of STA has positioned its Nixxo pager as
      Number 2 in the North American marketplace, establishing brand name
      recognition.
2.    Eiger will capitalize on this brand-name recognition by re-branding the
      product as "Nixxo by Eiger Technology", thereby establishing the "Eiger"
      brand name in North America.
3.    STA will expand its North American product line to include other potential
      products such as cellular telephones, MP3 players, and cellular telephones
      bundled with other features such as MP3 and speakerphone, all branded
      "Nixxo by Eiger Technology".
4.    Eiger will obtain manufacturing contracts from STC relating to the
      production of cellular telephones and bundled product and have the
      possibility of garnering other OEM cellular telephone manufacturing
      business. Eiger

The acquisition of STA, along with the previously announced acquisition of Nixxo
Technologies Inc. (NTI), expand Eiger's manufacturing base from computer
products and peripherals such as modems and MP3 players to include wireless
communication products such as CDMA and GSM cellular telephones. Eiger will also
be at the forefront of R&D aimed at integrating wireless communication
technology with other electronic appliances such as MP3, PDA and POS. Lastly,
these acquisitions leverage Eiger's OEM manufacturing base into manufacturing
and North American distribution of branded products.

Eiger also announced today that due to a weakening overall equity market, Eiger
and STC have waived the condition relating to financing and listing NTI on a
national stock exchange as a condition of Eiger's purchase of a 25% interest in
NTI. In a soft equity market, the pricing necessary to complete a financing for
NTI in the public markets would not maximize shareholder value. Instead, STC and
Eiger have agreed to jointly fund the operations of NTI. In addition, Eiger is
converting its' existing U.S. $2.5 million loan to NTI into equity, thereby
increasing its' interest in NTI to 31.25%. Eiger and STC will list NTI on a
national stock exchange when equity markets and the growth of NTI will result in
a more favorable valuation of NTI for Eiger's shareholders.

Lastly, Eiger plans to issue its audited financial statements for the year ended
September 30, 2000 on February 23, 2001, originally due for filing on February
16, 2001.

Eiger Technology Inc. is headquartered in Toronto, Ontario. Through its
facilities in South Korea, New Jersey and California, Eiger manufactures and
distributes electronic and computer peripherals such as 56K fax/modems, MP3
players and DSL modems to OEM and consumer markets worldwide. Eiger is a
publicly traded company listed on the Toronto Stock Exchange (symbol: AXA).
Visit Eiger Technology Inc.'s web site at www.eigertechnology.com.

                                      -30-

For More Information, Please Contact:
Roland P. Austrup, Vice-President
Eiger Technology, Inc.
(416) 216-8659

The management of the company, who take full responsibility for its content,
prepared this press release. The Toronto Stock Exchange has not reviewed and
does not accept responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements relating to future events
and results that are based on Eiger's current expectations. These statements
relate to the outlook and prospects for Eiger and the markets in which it
operates. These statements involve risks and uncertainties including, without
limitation, the level of demand for Eiger's products and services, Eiger's and
its suppliers' ability to timely develop, deliver, and support new and existing
products and services, Eiger's ability to manage inventory and predict changes
in the PC and wireless communications markets and the market for consumer
products and peripherals, the cost and availability of key product components,
Eiger's ability to successfully develop and market its products, consumer
acceptance of such products, competitive pressures relating to price reductions,
new product introductions by third parties, technological innovations, and
overall market conditions, including demand for computers, wireless
communications products and computer products and peripherals. Consequently,
actual events and results in future periods may differ materially from those
currently expected. Additional information regarding the factors that may affect
Eiger's future performance is included in the public reports that Eiger files
with the Ontario Securities Commission and Securities and Exchange Commission.