Underlying Asset Performance: The primary driver is the performance of the assets held within the 487240.KO ETF. If those assets, likely Korean equities, increase in value, the ETF price rises, and vice versa.

Supply and Demand: Market demand for the ETF influences its price. Higher demand pushes the price up, while increased selling pressure leads to a price decrease.

Investor Sentiment: Overall investor attitude toward the Korean stock market impacts the ETF. Positive sentiment increases investment, boosting the price; negative sentiment reduces it.

Exchange Rate Fluctuations: Changes in the value of the Korean Won (KRW) relative to other currencies (like USD) affect the ETF's price, especially for foreign investors.

Expense Ratio and Trading Costs: The ETF's expense ratio and brokerage fees influence the overall return and perceived value, impacting its price indirectly.

Economic Conditions in Korea: Factors such as GDP growth, inflation, interest rates, and unemployment in South Korea influence the performance of Korean companies and thus, the ETF's price.

Global Economic Factors: Global economic conditions, trade relations, and international events can impact investor confidence and affect investment in the Korean stock market.

Political Stability: Political stability or instability in South Korea can influence investor confidence and impact the ETF's price.

Dividend Yield: The dividend yield of the ETF can attract investors seeking income, impacting demand and price.

Liquidity: The liquidity of the ETF influences its price. Highly liquid ETFs tend to have tighter bid-ask spreads and more stable prices.