What K depends on
The Fabricator says K depends on the tooling used, the type of material, its tensile and yield strength, and the forming method.
That is why K is found for each material and thickness on the machine that will bend it.
Sources

What K and the inside radius depend on, published values and their limits, painted coil and the 2T rule, gauge tolerance, press brake versus folder, and the limits a blank must fit.
You will be able to: Explain what sets K and the inside radius, read published values as typical rather than AFS values, allow for thickness tolerance and coating limits, and check a blank against AFS limits.
9 min · 12 slides · 7 questions
All lessons in this moduleThe Fabricator says K depends on the tooling used, the type of material, its tensile and yield strength, and the forming method.
That is why K is found for each material and thickness on the machine that will bend it.
Sources
What this video shows: K-factor, bend allowance and bend deduction as the options a CAD system uses to size a flat pattern, with bend tables for your own tools and machines. In SOLIDWORKS "bend allowance" names the whole family of settings, not the single quantity this module defines.
Video: What is a K-Factor? | Sheet Metal Bend Allowance Explained by TriMech Group, on YouTube. Chosen from the video's published description.
What this video shows: A Thalmann TD125 double folder forming 24 ga parts, from CIDAN Machinery Group, which acquired Thalmann in 2022; a folder at work, not AFS's machine.
Video: CIDAN Machinery - Thalmann TD125 6.4m Double Folder forming 24ga (.61mm) parts by CIDAN Machinery Group, on YouTube. Chosen from the video's published description.