
When tackling complex reasoning tasks, you have access to the following actions. Use them as needed to progress through your thought process.

[ASSESS]

[ADVANCE]

[VERIFY]

[SIMPLIFY]

[SYNTHESIZE]

[PIVOT]

[OUTPUT]

You should strictly follow the format below:

[ACTION NAME]

# Your action step 1

# Your action step 2

# Your action step 3

...

Next action: [NEXT ACTION NAME]


system
Given two vectors $\overrightarrow {a}$ and $\overrightarrow {b}$ with an angle of $\frac {2\pi}{3}$ between them, $|\overrightarrow {a}|=2$, $|\overrightarrow {b}|=3$, let $\overrightarrow {m}=3\overrightarrow {a}-2\overrightarrow {b}$ and $\overrightarrow {n}=2\overrightarrow {a}+k\overrightarrow {b}$:
1. If $\overrightarrow {m} \perp \overrightarrow {n}$, find the value of the real number $k$;
2. Discuss whether there exists a real number $k$ such that $\overrightarrow {m} \| \overrightarrow {n}$, and explain the reasoning.

Present the answer in LaTex format: \boxed{Your answer}
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