Abstract:The present status of Kaon physics is summarized from a theory point of view. Focus is laid on ΔS = 2, ΔS = 1 as well as on rare Kaon decays, where progress has been made for instance in the case of εK
and KS
→ μ
+
μ
− Furthermore, several New Physics scenarios are discussed in the context of rare Kaon decays and other Kaon observables.
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