Underlying Asset Performance: The ETF's price is driven by the performance of the stocks it holds, which reflects the profitability and growth prospects of Korean companies.

Supply and Demand: Higher demand for the ETF pushes its price up, while increased selling pressure causes it to decline, reflecting investor sentiment.

Currency Fluctuations: Changes in the exchange rate between the Korean Won and other currencies, especially USD, impact the ETF's value when converted to other currencies.

Interest Rate Changes: Korean interest rate adjustments influence corporate borrowing costs and investment returns, affecting stock valuations and the ETF's price.

Economic Conditions: Macroeconomic factors like Korean GDP growth, inflation, and unemployment affect corporate earnings and investor confidence, impacting the ETF's value.

Global Events: Geopolitical events, trade tensions, and global economic trends influence investor sentiment and the overall risk appetite, affecting investment in Korean equities and the ETF.