Underlying Asset Performance: The ETF's price closely tracks the performance of its underlying assets, primarily Korean stocks. Their price movements directly impact the ETF's NAV.

Supply and Demand: Market forces of supply and demand for the ETF shares themselves influence the price. Higher demand typically pushes the price up, and increased supply pushes it down.

Index Tracking: The ETF aims to replicate a specific Korean market index. How accurately it tracks this index affects its price compared to the theoretical value.

Expense Ratio: The ETF's operating expenses, including management fees, reduce returns and indirectly influence its price over time.

Currency Exchange Rates: Fluctuations in the exchange rate between the Korean Won and the investor's base currency (e.g., USD) impact the ETF's price.

Market Sentiment: Overall investor sentiment towards the Korean stock market and emerging markets, in general, can drive buying or selling pressure, impacting the ETF's price.