We report a strong tension in εK at the 4σ level between the experimental value and the theoretical value calculated directly from the standard model using lattice QCD inputs such asBK , |V cb |, |Vus|, ξ0, ξ2, ξLD, FK , and mc. The standard model with lattice QCD inputs describes only 70% of the experimental value of εK , and does not explain its remaining 30%. We also find that this tension disappears when we use the inclusive value of |V cb | (results of the heavy quark expansion based on QCD sum rules) to determine εK . This tension is highly correlated with the present discrepancy between the exclusive and inclusive values of |V cb |. In order to resolve, in part, the issue with |V cb |, it would be highly desirable to have a comprehensive re-analysis over the entire set of experimental data on theB → D * ν decays using an alternative parametrization of the form factors, such as the BGL parametrization, and a comparison with results of the CLN method.