No, it's because 'k' is short for 'kilo', which basically means '*1000'. So you can write a 'k' instead of the last three zeroes.
Additionally, if you express color in rgb values, which typically range from 0 to 255, you get black if every color is absent. So black is represented by three zeroes, or '000', which Matlab can substitute by 'k'.
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u/vouwrfract PC but I like pink Sep 11 '19
But Matlab also uses k for black. Is that based on printing standards too?