Abstract
Electronic structure calculations are used to analyze the electronic and magnetic properties in {KFeSe}. Fe atoms can be divided into two distinct groups. The (parent) compound forms an insulating, collinear, local moment phase with high N{é}el temperature. We show that large biquadratic exchange coupling and exchange-elastic interactions stabilize the magnetic order. For the additional Fe atoms fill vacancy sites. They form impurity bands for small , which broaden as increases. They determine the states at the Fermi level and may be viewed as a magnetic subsystem separate from the host. Spin fluctuations are prevalent because magnetic interactions between the `defect' and the `parent' atoms are relatively weak, while chemical fluctuations are prevalent for low . Fluctuations of either type leads to the formation of a weakly metallic state. The unusual coexistence of the two magnetic subsystems offers a new perspective as to how superconductivity and strong antiferromagnetism can coexist. We argue that spin fluctuations of the impurity subsystem share common features with the Fe-pnictide superconductors.
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