The same question was asked by a K-x user in this thread here:
https://www.pentaxforums.com/forums/58-troubleshooting-beginner-help/95880-hi...orrection.html
The upshot seems to be, that such corrections, while not affecting the RAW image data directly, are stored in the RAW EXIFs, and may be accessed and used by some RAW processors in developing files.
In the K-3, there is also an Auto option for both corrections, which I have activated. Without having done rigorous testing, I have a hunch it does reduce the need for adjustments in Lightroom. If I want native ISO, I will select ISO 100 manually via the dedicated button.