6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February, 2007

Commission File No. 0-29320

EIGER TECHNOLOGY, INC.

(Exact name of Registrant as specified in its charter)

144 Front Street, Suite 700

Toronto, Ontario M5J 2L7

(Address of principal executive offices)

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

x Form 20-F Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

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

Yes No x

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_________

SUBMITTED HEREWITH

Exhibits

 99.1  Press Release dated February 21, 2007

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.
	(Registrant)
Date:  February 21, 2007	By:	/s/ Jason Moretto
		Jason Moretto
	Title:	Chief Financial Officer

EX-99.1

EIGER TO DIVEST NEWLOOK SUBSIDIARY

Toronto - February 21, 2007 - Eiger Technology, Inc. ("Eiger") (TSX: AXA OTCBB: ETIFF) would like to advise shareholders that it has agreed to divest itself of its ownership in Newlook Industries Corp. to a group of independent business people. Eiger will also be looking towards this strategy with its ownership in Racino Royale.

This divestiture will enable Eiger to focus solely on its acquisition strategy as well as to ensure meeting its capital requirements. It is projected that the Newlook divestiture will enhance Eiger’s treasury by an estimated $2 million.

With the announcement of Mr. Gerald Merovitz as its new Chief Executive Officer, Newlook will be moving forward with its acquisition strategy to create shareholder value.

Eiger believes that the abovementioned strategies will enhance shareholder value for all companies involved. These transactions are subject to all regulatory body approvals.

Eiger Technology, Inc., headquartered in Toronto, Ontario is a publicly traded company listed on the Toronto Stock Exchange. For more information please call (416) 216-8659 or refer to www.sedar.com.

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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 involve risks and uncertainties including, without limitation, 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. Consequently, actual events and results in future periods may differ materially from those currently expected.

For more information contact: Jason Moretto, Chief Financial Officer, Eiger Technology, Inc., Telephone:(416) 216-8659, Ext.302,jmoretto@eigertechnology.com