The experimental value for the isospin amplitude mathrm{Re}A_2 in Krightarrow pi pi decays has been successfully explained within the standard model (SM), both within the large N approach to QCD and by QCD lattice calculations. On the other hand within the large N approach the value of mathrm{Re}A_0 is by at least 30,% below the data. While this deficit could be the result of theoretical uncertainties in this approach and could be removed by future precise QCD lattice calculations, it cannot be excluded that the missing piece in mathrm{Re}A_0 comes from new physics (NP). We demonstrate that this deficit can be significantly softened by tree-level FCNC transitions mediated by a heavy colourless Z^prime gauge boson with a flavour-violating left-handed coupling Delta ^{sd}_L(Z^prime ) and an approximately universal flavour diagonal right-handed coupling Delta ^{qq}_R(Z^prime ) to the quarks. The approximate flavour universality of the latter coupling assures negligible NP contributions to mathrm{Re}A_2. This property, together with the breakdown of the GIM mechanisms at tree level, allows one to enhance significantly the contribution of the leading QCD-penguin operator Q_6 to mathrm{Re}A_0. A large fraction of the missing piece in the Delta I=1/2 rule can be explained in this manner for M_{Z^prime } in the reach of the LHC, while satisfying the constraints from varepsilon _K, varepsilon '/varepsilon , Delta M_K, LEP-II and the LHC. The presence of a small right-handed flavour-violating coupling Delta ^{sd}_R(Z^prime )ll Delta ^{sd}_L(Z^prime ) and of enhanced matrix elements of Delta S=2 left–right operators allows one to satisfy simultaneously the constraints from mathrm{Re}A_0 and Delta M_K, although this requires some fine-tuning. We identify the quartic correlation between Z^prime contributions to mathrm{Re}A_0, varepsilon '/varepsilon , varepsilon _K and Delta M_K. The tests of this proposal will require much improved evaluations of mathrm{Re}A_0 and Delta M_K within the SM, of langle Q_6 rangle _0 as well as precise tree-level determinations of |V_{ub}| and |V_{cb}|. We present correlations between varepsilon '/varepsilon , K^+rightarrow pi ^+nu bar{nu } and K_{L}rightarrow pi ^0nu bar{nu } with and without the Delta I=1/2 rule constraint and generalise the whole analysis to Z^prime with colour (G^prime ) and Z with FCNC couplings. In the latter case no improvement on mathrm{Re}A_0 can be achieved without destroying the agreement of the SM with the data on mathrm{Re}A_2. Moreover, this scenario is very tightly constrained by varepsilon '/varepsilon . On the other hand, in the context of the Delta I=1/2 rule G^prime is even more effective than Z^prime : it provides the missing piece in mathrm{Re}A_0 for M_{G^prime }=(3.5–4.0), mathrm{TeV}.
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