The company, originally as DigitalWay, was created as an OEM developer for large corporations - its first client was Samsung and the first product from their contract, a Samsung-branded MP3 player, debuted at the 1999 Consumer Electronics Show.

[5] Mpio's first jukebox player was the HD-100 in 2004 with a 20 GB hard disk, aiming to capture sales away from the iPod and iriver H300 series.

Unlike iriver which could depend on domestic sales for survival, 90% of Mpio's revenue came from outside South Korea.

[7] Then, Jung-Ku now as an employee, was dismissed from the company and was replaced by SW NET's president Kang Shin-woo.

[2] On November 10, 2006, Shin-woo and other members of the company's board of directors were accused in Korean media of embezzlement, as much as 9.8 billion won.