Underlying Index Performance: The ETF price closely tracks the performance of its underlying index, typically related to the Korean stock market. If the index rises, the ETF's price tends to rise and vice versa.

Supply and Demand: Like any security, the ETF's price fluctuates based on the balance between buyers and sellers. High demand pushes prices up, while increased selling pressure can lower prices.

Investor Sentiment: Overall investor confidence or pessimism regarding the Korean economy and market can influence demand for the ETF, thereby affecting its price.

Currency Exchange Rates: Fluctuations in the value of the Korean Won relative to other currencies, particularly the investment currency, can impact the ETF's price.

Fund Management Fees: While not directly impacting the daily price, higher expense ratios can erode returns over time, making it less attractive compared to similar lower-cost ETFs.