A Korean company is going to take on the iPhone.

Reigncom, which is the company behind the iRiver brand of MP3 players, unveiled its iPhone rivalling phone concept way back at CES.

But now the phone is to become a reality.

The details are scant at the moment, but we do know that it has a touchscreen, Wi-Fi, a Dictionary, PMP (Video and Audio), handwriting recognition software as well as being able to access to an iTunes music store like the "Bug Music Service".

When we get more information, we'll pass it on.