K2Hg2Te3 was synthesized via a mercury-flux synthesis pathway. Single-crystal and powder X-ray diffraction reveal the compound to be isostructural to its lighter congener K2Hg2Se3, yet exhibiting enhanced photoconductivity and electrical conductivity of (several) orders of magnitude and a decreased thermal conductivity and band gap. In this report, we elaborate on the synthesis and properties of the novel ternary compound.