Underlying Asset Performance: The ETF's price closely tracks the value of the underlying assets it holds, primarily Korean stocks. Their individual and collective performance directly influences the ETF's NAV.

Supply and Demand: Market demand for the ETF versus the available supply affects its price. Higher demand typically leads to a price increase, while higher supply can depress the price.

Market Sentiment: Broad market sentiment towards Korean equities and the Korean economy affects ETF valuation. Positive sentiment boosts demand, driving prices up.

Currency Fluctuations: Changes in the exchange rate between the Korean Won and other currencies, especially the currency of listing, affect the ETF's price for international investors.

Expense Ratio & Trading Costs: The ETF's management fees and brokerage costs influence its long-term performance and potentially impact short-term pricing compared to its NAV.

Index Tracking Accuracy: How closely the ETF tracks its benchmark index influences investor confidence and its relative pricing compared to other similar ETFs. Poor tracking can lead to a discount.