If you can find a single such $\phi$, you have your correspondence: Add another column $F_1\hookrightarrow K$ to the left of your diagram, and attach it to your square via the identity map $F_1\to F_1$ and the map $\psi:K\to K$ being an element from your set 2. Observe that the composition of the entire bottom row $\phi\circ\psi:K\to K\to K$ is a corresponding element of set 1. It is not difficult to show that this correspondence is bijective.
As for the existence of $\phi$, well, there lies the problem. Consider, for instance, the case of rational functions over the reals:
$$
K=F_1=\Bbb R(x)\\
F_2=\Bbb R(x^2)
$$
Here $\sigma$ takes any rational function and simply doubles all the exponents of every $x$ that appears in it. For example, $$f=\frac{x^3-2}{x^4+x^2-x}\implies
\sigma(f)=\frac{x^6-2}{x^8+x^4-x^2}$$
There can be no $\phi$ in this scenario, because by commutativity of the diagram and $K=F_1$ we would have $\phi=\sigma$, but this is not surjective. Your set 1 is therefore empty, while your set 2 contains the identity.
https://math.stackexchange.com/questions/449404/is-an-automorphism-of-the-field-of-real-numbers-the-identity-map
– Jonas Linssen Apr 25 '23 at 19:19