Underlying Asset Performance: The ETF price closely mirrors the performance of its constituent stocks, which are primarily Korean stocks. Higher returns from these stocks generally increase the ETF price.

Market Sentiment: Overall investor confidence and risk appetite within the Korean stock market and globally influences the demand and supply of the ETF, impacting its price.

Currency Exchange Rates: Fluctuations in the Korean Won (KRW) relative to other currencies, particularly USD, affect the value of the Korean assets held within the ETF when viewed from an international perspective.

Supply and Demand: Basic economic principles dictate that increased demand for the ETF, exceeding supply, pushes the price upward, and vice versa.

Economic Conditions: Macroeconomic factors such as inflation, interest rates, and economic growth in Korea and globally can influence investor sentiment and stock valuations, impacting the ETF's price.

Expense Ratio: The ETF's management fees and other operating expenses slightly reduce its returns compared to the underlying asset performance.

Tracking Error: Differences between the ETF's performance and the benchmark index can impact its price relative to its intended target.

Political and Regulatory Events: Significant political changes, policy announcements, or regulatory changes in Korea can influence investor confidence and impact the valuation of Korean stocks held within the ETF.