To do this in Illustrator:
In the Menu Bar go to File > Document color mode > and select either RGB color or CMYK color.
To do this in Photoshop:
In the Menu Bar go to Image > Mode > Choose RGB Colour from the dropdown list.
For more information on converting files in other applications click here.
Text based on Printing for Less Article here.'K' stands for 'key', as the black ink plate in four-colour printing was called the 'key' or 'keyline'.