HDCD (high definition compatible digital) is a process developed by Pacific Microsonics. It has been around for a while and involves CDs and CDPs. It's possible that a K2 cd could be HDCD encoded.
K2 HD is a separate and relatively newer process developed by JVC. I believe it is related to XRCD, XRCD2 and XRCD24 technology. The K2 HD CDs have only recently hit the market. I'm trying to determine their sound quality.
I admit the similarity of the monikers is a bit confusing.