Underlying Index Performance: The primary driver is the performance of the index it tracks. Upward movements in the index generally increase the ETF's price, while declines decrease it.

Supply and Demand: High demand for the ETF relative to its supply can push the price above its net asset value (NAV). Conversely, high supply and low demand can decrease the price.

Market Sentiment: Overall investor optimism or pessimism regarding the Korean stock market and specific sectors included in the index can influence the ETF's price.

Currency Fluctuations: Changes in the exchange rate between the Korean Won and other currencies, particularly if the ETF is traded in another currency, can impact its price.

Expense Ratio: While not directly affecting the price intraday, the ETF's expense ratio gradually reduces returns over time, affecting its long-term value and, indirectly, its price.

Trading Activity: Large buy or sell orders can temporarily impact the ETF's price, especially if the trading volume is low.

Economic Conditions: Korean economic indicators (GDP growth, inflation, interest rates) and global economic factors affect the companies within the index and, consequently, the ETF.