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 August, 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   SYMBOL 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): SYMBOL

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): SYMBOL

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 SYMBOL 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

Exhibit 10.1 Debt Settlement Agreement between Eiger Technology, Inc. and Racino Royale, Inc., dated July 11, 2007.

Exhibit 99.1 Press Release Dated August 13, 2007.

SIGNATURES

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

               EIGER TECHNOLOGY, INC.

Dated:         August 29, 2007

By:  /s/ Gary N. Hokkanen

                Name:  Gary N. Hokkanen

                Title:    Chief Financial Officer

EX-10.1

THIS DEBT SETTLEMENT AGREEMENT is dated effective the 11th day of July, 2007.

BETWEEN: RACINO ROYALE, INC. a body corporate, duly incorporated pursuant to the laws of the State of Nevada

(the “Debtor”)

AND: EIGER TECHNOLOGY, INC., a body corporate, duly incorporated pursuant to the laws of the Province of Ontario

(the “Company” or the “Creditor”)

A.   The Company is indebted to the Creditor in the amount of $250,000 (the “Debt”).

B.   The Debtor has agreed, in lieu of a cash payment of the Debt, to issue a total of 5,000,000 common shares in its capital stock in full and final payment of the Debt.

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the sum of $10.00 paid by the Company to the Creditor, the receipt and sufficiency of which is hereby acknowledged by the Creditor, and subject to the terms and conditions hereinafter set out, the parties hereto have agreed and do hereby agree as follows:

1.   The Creditor agrees to accept a total of 5,000,000 common shares of the Debtor (the “Shares”) as full and final settlement of the Debt.

2.   The Debtor agrees to issue the Shares to the Creditor as full and final settlement of the Debt.

3.   The Creditor and the Debtor agree that no interest is payable on the Debt or is outstanding as of this date.

4.   The parties hereto agree to execute all further documents and assurances as may be necessary to give effect to the intent expressed herein.

5.   Notwithstanding any other term contained herein, the Creditor shall be entitled, in its sole discretion, to terminate this Agreement at any time prior to the issuance of the Shares by the Company.

6.   The Debtor acknowledges that CD Farber Law Corp has advised it to seek independent legal advice with respect to this Debt Settlement Agreement and that CD Farber Law Corp. has not reviewed this Debt Settlement Agreement on its behalf.

7.   Time shall be of the essence in this Agreement.

8.   This Agreement shall be governed by and be construed in accordance with the laws of the Province of Ontario. The courts of the Province of Ontario shall have sole jurisdiction to hear and determine all manner of disputes and claims arising out of or in any way connected with the construction, breach or alleged, threatened or anticipated breach of this Agreement and determine all questions as to the validity, existence or enforceability hereof.

9.   This Agreement shall enure to the benefit of and be binding upon the parties hereto, their respective heirs, executors, administrators, successors and assigns.

10.   All funds referred to in this Agreement are in United States dollars.

11.   This Agreement may be executed in two or more counterparts and by facsimile, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF the parties have executed this Agreement on the day and year first above written.

EIGER TECHNOLOGY, INC.

_/s/ Jason Moretto_______________________

A.S.O.  Jason Moretto, Chief Financial Officer

RACINO ROYALE, INC.

_/s/ John Simmonds_____________________

A.S.O.  John Simmonds, President and Chief Executive Officer

EX-99.1

EIGER TO DIVEST STAKE IN RACINO ROYALE SUBSIDIARY

Toronto, August 13, 2007 - Eiger Technology (TSX: AXA, OTCBB: ETIFF) ("Eiger") would like to advise shareholders that it has agreed to divest its ownership in Racino Royale, Inc. (“Racino”) as previously announced in a press release on February 21, 2007.  Eiger entered into a purchase agreement (the “Purchase Agreement”) on August 8, 2007 with Foundation Venture Leasing Inc. (“FVLI”) for the sale of 14,021,600 Racino common shares that Eiger owns for aggregate consideration of USD$701,080 ("the Transaction").

The purchase price will be paid by FVLI to Eiger in four tranches and the purchase price will be fully paid by September 1, 2008.

FVLI is part of the Foundation Markets group, a privately-held Toronto-based merchant/investment banking group, which raises capital for small- and mid-sized companies, advises and assists companies going public and specializes in cross-border, multi-jurisdictional transactions.

The divestiture will enable Eiger to focus solely on its strategy going forward as well as to ensure meeting its capital requirements.  Through Foundation’s ownership, it is anticipated that Racino will be moving forward with an acquisition strategy to create shareholder value.  Eiger believes that these strategies will enhance shareholder value for all companies involved.

Additionally, Racino will settle its indebtedness to Eiger of approximately USD$250,000, by issuing a total of 5,000,000 of its common shares as full and final payment, in lieu of a cash payment of the debt.  Racino and Eiger have mutually agreed to the terms as set forth in a debt settlement agreement (the “Debt Settlement”) dated July 11, 2007.  Eiger intends to sell the Racino common shares provided in the Debt Settlement in the future.

The abovementioned transactions are subject to regulatory approvals.  The full text of the Purchase Agreement, Share Pledge and Promissory Note constituting the Transaction, along with the Debt Settlement, are available on a material change report for Eiger filed on SEDAR.

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.

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 forwardlooking 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

Eiger Technology, Inc.

Telephone: (416) 216-8659, Ext. 302, jmoretto@eigertechnology.com