Underlying Assets Performance: The ETF's price closely reflects the performance of the stocks within its portfolio. Positive performance of these companies generally pushes the ETF price upwards, while poor performance leads to price decreases.

Supply and Demand: High demand for the ETF, relative to its supply, will increase its price. Conversely, increased selling pressure and low demand can lower the price.

Market Sentiment: Overall market sentiment towards the Korean stock market and the sectors the ETF invests in greatly impacts its price. Bullish sentiment encourages buying, driving prices higher, while bearish sentiment leads to selling and lower prices.

Currency Exchange Rates: Fluctuations in the exchange rate between the Korean Won and other currencies, particularly the investor's local currency, can affect the ETF's price. A stronger Won typically benefits foreign investors.

Economic Conditions in South Korea: Key economic indicators in South Korea such as GDP growth, inflation, interest rates, and unemployment rates influence the performance of companies and consequently the ETF's price.