Keep in mind that a 50mm lens on an APS-C body (e.g., K-70) gives you a narrower angle of view than it would on a 35mm film camera (or full-frame dslr). If you want the "normal" prime lens for an APS-C camera, you want something like a 31mm or 35mm. The focal length designation for a lens doesn't change depending on sensor size, but the viewing angle does.
Take a look at this range of lenses:
Prime Lenses between 31mm and 55mm | PentaxForums.com
I, myself, use the DA* 55mm but I don't do portraiture much, and mostly shoot outdoors, so I use a zoom for wider angles on the APS-C, and only use WR or AW lenses. As already noted, the 50mm f/1.8 is a terrific value, a great lens for a very reasonable price.