Because what's currently on your H120 is irrelevant. You're replacing the firmware on it with a newer version. There aren't any known hardware differences between US, European, and Korean hardware, so any H120 firmware version will work on any H120.
You're completely overwriting the existing one, and you can pick the 1.65 version too, if you'd like to update your iRiver firwmare in the process (though that's somewhat pointless, our hope is that you'll find no reason to use the original firmware).
If there were prerequisites regarding what your player was running, they would be written of in the manual.