For each positive rational number ϵ, we define K-theoretic ϵ-stable quasimaps to certain GIT quotients $W\sslash G$. For ϵ>1, this recovers the K-theoretic Gromov-Witten theory of $W\sslash G$ introduced in more general context by Givental and Y.-P. Lee.
For arbitrary ϵ1 and ϵ2 in different stability chambers, these K-theoretic quasimap invariants are expected to be related by wall-crossing formulas. We prove wall-crossing formulas for genus zero K-theoretic quasimap theory when the target $W\sslash G$ admits a torus action with isolated fixed points and isolated one-dimensional orbits.