This is an oxidation-reduction (redox) reaction:
2 HI + 2 e- → 2 H0 (reduction)
2 K0 - 2 e- → 2 KI (oxidation)
H2O is an oxidizing agent, K is a reducing agent.
Reactants:
Products:



, Lye 
, KOH
, Lye [Potassium hydroxide] 
; Odorless, white or slightly yellow lumps, rods, flakes, sticks, or pellets. [Note: May be used as an aqueous solution.] 