Underlying Index Performance: The ETF's price closely mirrors the performance of its underlying index, the KOSPI 200. Any fluctuations in the KOSPI 200 directly impact the ETF's value.

Supply and Demand: Market demand for the ETF itself influences its price. High demand typically drives the price up, while increased selling pressure can push it down.

Net Asset Value (NAV): NAV, representing the total value of the ETF's holdings per share, serves as a benchmark. Discrepancies between the market price and NAV create arbitrage opportunities, influencing price alignment.

Investor Sentiment: Overall market sentiment towards South Korean equities and the broader economy can significantly affect demand for the 114460.KO ETF.

Currency Exchange Rates: Fluctuations in the Korean Won (KRW) against other currencies, particularly the USD, can impact the ETF's price, especially for international investors.

Dividend Distributions: Dividend payouts by companies within the KOSPI 200 and their subsequent distribution by the ETF can temporarily affect its price as it goes ex-dividend.

Expense Ratio: The ETF's expense ratio, which covers management and operational costs, indirectly influences returns and can affect its relative attractiveness compared to similar ETFs.

Geopolitical Events: Significant political or economic events affecting South Korea or the broader region can trigger market volatility and impact the ETF's price.