Underlying Index Performance: The price of 329650.KO largely mirrors the performance of its underlying index, thus the fund's value moves with the index's constituent assets.

Supply and Demand: High demand for the ETF pushes the price up, while increased selling pressure leads to price decreases.

Interest Rates: Changes in interest rates can impact the valuations of the assets held in the underlying index and consequentially affect the ETF's price.

Economic Conditions: General economic health, including factors such as GDP growth, inflation, and unemployment, can influence investor sentiment and impact the fund's price.

Geopolitical Events: Global or regional political events can trigger market volatility and influence investor behavior, impacting ETF valuations.

Company Performance: Changes in the financial health and earnings of the companies within the underlying index will directly affect the ETF price.

Sector Trends: Specific trends affecting the industries represented in the underlying index, whether positive or negative, will impact ETF values.

Currency Fluctuations: Exchange rate changes between KRW and other currencies can affect the value of assets held in the underlying index, especially for ETFs with international holdings.