However, the article doesn't say whether the bitcoins will be split into lots and auctioned, or sold as a whole.
I don't see why it would be split into lots. It's not very much for a rich person.
Basically that. South Korea is quite an interesting market for Bitcoin, and it has been developing itself nicely in the last months. 216BTC is literally peanuts for them. I even find it a waste of time to have them go through the hassle of auctioning these coins, while these coins would get absorbed pretty easily by Korbit (South Korean exchange). But of course, that's how things go with governments - difficulties, difficulties, and more difficulties.
