Constituent Stock Prices: The ETF's price is directly influenced by the underlying stocks within its portfolio. Their combined performance determines the ETF's net asset value NAV, a key price driver.

Supply and Demand: Market forces of supply and demand for the ETF shares themselves impact its price. Higher demand can push the price above NAV, creating a premium, while increased selling pressure can cause a discount.

Investor Sentiment: Overall market sentiment and investor confidence towards the sectors or themes represented by the ETF affect demand and therefore price. Positive sentiment increases demand, driving prices up.

Economic Conditions: Macroeconomic factors like interest rates, inflation, and economic growth prospects impact the valuations of the underlying companies and consequently the ETF's price.

Currency Fluctuations: If the ETF holds international stocks, currency exchange rates between the Korean Won and those foreign currencies can affect the ETF's value when translated back into Korean Won.