Candice Pedersen was a co-owner of K Records, an independent record label based in Olympia, Washington from 1986 to 1999, along with Calvin Johnson of Beat Happening. In 1999, she sold her half of the label to Johnson.
Pedersen was initially hired as a K Records intern in January 1986, for $20 a week and credits at Evergreen State College in Olympia. She became a full partner in 1989 until selling her share of the company to Johnson in 1999. Though she managed day-to-day operations of the label, she noted in a 1992 interview that "I'm often considered my partner's secretary."
Pedersen also contributed to the label's history through organizing the citywide International Pop Underground Convention, which was an extension of a summer barbecue party she had hosted on Steamboat Island, near Olympia. Pedersen decided to make the event citywide in 1991, and was responsible for the all-girls night which is cited as a formative moment within the Pacific Northwest's riot grrrl scene, marking the debut performance of many acts which became nationally renowned.