I think there are some extra conditions, especially for $n\geq 4$. For example, when $n=4$ we have
$$ K^5 \leq K_1^3K_2^3K_3K_4, $$
which is clearly independent to the Loomis-Whitney $K^3\leq K_1K_2K_3K_4$.
These can be proved using non-Shannon entropy inequalities (since the Loomis-Whitney inequality can be proved using entropy and the Shannon inequalities this is not too surprising).
For example, the above inequality comes from the Zhang-Yeung inequality, which gives the following relationship between the entropy of any 4 discrete random variables:
$$ 2H(U)+2H(V)+H(Y)+H(X,Y)+H(U,V,X)+4H(U,V,Y) \leq H(X,U)+H(X,V)+3H(U,V)+3H(V,Y)+3H(U,Y), $$
which, in view of $H(U,V)\leq H(U)+H(V)$, implies
$$ H(Y)+H(X,Y)+H(U,V,X)+4H(U,V,Y) \leq H(X,U)+H(X,V)+H(U,V)+3H(V,Y)+3H(U,Y). $$
Let $A\subset \mathbb{Z}^4$ be a finite set of points, and choose a point uniformly at random from $A$. For the four random variables select a pair of coordinates as follows: $U$ is $(1,3)$, $V$ is $(2,4)$, $Y$ is $(3,4)$ and $X$ is $(1,2)$. Just writing the number for the induced random variable on the appropriate coordinate, the above inequality gives
$$ H(3,4)+5H(1,2,3,4) \leq H(1,2,3)+H(1,2,4)+3H(2,3,4)+3H(1,3,4).$$
Using the fact that entropy is non-negative and that entropy of a random variable taking at most $N$ values is at most $\log N$ gives the result.
I haven't tried, but presumably one could play similar games with other $n\geq 4$ using generalisations and extensions of the Zhang-Yeung inequality. It would be interesting to know whether there are other relations available for $n=3$, since we know that there are no non-Shannon entropy inequalities for at most three random variables.