$varepsilon/varepsilon$ in and beyond the Standard Model

Estimates of the CP violating observable $varepsilon/varepsilon$ have gained some attention in the past few years. Depending on the long-distance treatment used, they exhibit up to $2.9sigma$ deviation from the experimentally measured value. Such a deviation motivates the investigation of New Physics (NP) effects in the process $Ktopipi$. In my talk I will review the Standard Model (SM) prediction for $varepsilon/varepsilon$, with a special focus on the Dual QCD approach. On the NP side, I will discuss a recent computation of the hadronic matrix elements of NP operators. Furthermore a master formula for BSM effects in $varepsilon/varepsilon$ is presented. Finally, a treatment of $varepsilon/varepsilon$ using the SM effective theory (SMEFT) will be discussed together with possible correlations to other observables.