Underlying Index Performance: The ETF's price mirrors the performance of the index it tracks. Positive index returns typically raise the ETF's price, while negative returns lower it.

Supply and Demand: High demand for the ETF can push its price above its net asset value (NAV), creating a premium. Conversely, high selling pressure can cause a discount.

Interest Rates: Changes in interest rates can indirectly affect the value of the companies within the ETF, influencing its overall price.

Currency Exchange Rates: Fluctuations in the Korean Won (KRW) against other currencies, particularly if the ETF holds international assets, impact its price when converted back to KRW.

Market Sentiment: General investor confidence or fear towards the Korean stock market and the specific sectors represented in the ETF can drive buying or selling activity.

Economic Conditions: Macroeconomic factors like GDP growth, inflation, and unemployment rates in South Korea affect the profitability of the underlying companies and thus the ETF's value.