The rear brake on a '78 K model is a drum brake, not a disk brake. If yours has a rear disc brake, then someone modified it, and the manual will be of little use.
Assuming your bike is stock, take a look at the cable attached to the drum, on the rear wheel, and follow it forward to the foot pedal. It sounds like the cable is either broken, or disconnected. Come back with what you find. Cheers!
1979 CB750K (sold, 2012, but not forgotten)
1983 Kawasaki 440 LTD Belt Drive (sold, 2011)
1993 Kawasaki Voyager XII