  The parent compound of an unconventional superconductor must contain unusual
correlated electronic and magnetic properties of its own. In the high-Tc
potassium intercalated FeSe, there has been significant debate regarding what
the exact parent compound is. Our studies unambiguously show that the
Fe-vacancy ordered K2Fe4Se5 is the magnetic, Mott insulating parent compound of
the superconducting state. Non-superconducting K2Fe4Se5 becomes a
superconductor after high temperature annealing, and the overall picture
indicates that superconductivity in K2-xFe4+ySe5 originates from the Fe-vacancy
order to disorder transition. Thus, the long pending question whether magnetic
and superconducting state are competing or cooperating for cuprate
superconductors may also apply to the Fe-chalcogenide superconductors. It is
believed that the iron selenides and related compounds will provide essential
information to understand the origin of superconductivity in the iron-based
superconductors, and possibly to the superconducting cuprates.
