Took a look at this device. The OP doesn't say which OS he's using but according to E-Mu this device supports XP, Vista and Win 7, no listing for Win 8.
Also, the OP could have an issue plugging it in. The "IN"
of the E-Mu MIDI interface gets plugged into the Korg midi "OUT", the "OUT" of the interface gets plugged into the Korg midi "IN".
Jeff
Possibly a very good catch..... YES... I had to get rid of an earlier sound card I was using when I needed to upgrade my OS to the new one out at the time for my business software to run properly..... BUT at the same time, the new OS did NOT support the driver to my old PCI sound card I used at that time for recording. The mfg had no plans to support it so the sound card didn't work properly....it became a dust collector and I had to buy a new soundcard/interface that was supported.
That is a possibility here as well.