Draper gave this statement explaining his motives:
Bitcoin frees people from trying to operate in a modern market economy with weak currencies. With the help of Vaurum and this newly purchased bitcoin, we expect to be able to create new services that can provide liquidity and confidence to markets that have been hamstrung by weak currencies.
Of course, no one is totally secure in holding their own country’s currency. We want to enable people to hold and trade bitcoin to secure themselves against weakening currencies.”
Vaurum plans to use almost 30,000 Bitcoin won as a liquidity source. While they did announce their win, neither Draper nor Vaurum have disclosed the final selling price.