On November 5, 2003, Soribada was relaunched as and in July 2004, the website was renewed as a P2P search portal with a paid MP3 service in December 2004.

[1] Soribada Inc. settled with record labels and copyright owners in early 2008,[a] and it turned into a commercial music download service in July that same year.

Customers who pay the monthly fee of 7,000 won are able to download MP3 files without digital rights management (DRM).

Like iTunes and other popular online music stores, Soribada utilises audio fingerprint technology to identify the purchaser.

In February 2016, the Yang brothers (Junghwan and Ilhwan) sold their shares in Soribada to Shanghai-based investment, trade and e-commerce company ISPC International Limited.