Bismuth potassium titanate (Bi 1/2 K 1/2 )TiO 3 with an A-site complex perovskite structure is regarded as a promising lead-free ferroelectric/piezoelectric material. Studies on the fundamental properties of (Bi 1/2 K 1/2 )TiO 3 have, however, been faced with difficulties in fabricating dense and phase-pure (i.e., "high-quality") bulk ceramics caused by its low melting point and the volatility of Bi and K. This paper reviews our findings on the fabrication process and fundamental properties of such high-quality (Bi 1/2 K 1/2 )TiO 3 ceramics. After a brief survey on the crystal structure and physical/chemical stability of (Bi 1/2 K 1/2 )TiO 3 , our fabrication process of (Bi 1/2 K 1/2 )TiO 3 ceramics utilizing the hydrothermal synthesis method is described. Then, the phase transition behavior of (Bi 1/2 K 1/2 )TiO 3 is discussed based on the electrical and electromechanical responses of the high-quality ceramic samples. The last part of this paper presents two examples of compositional modifications of (Bi 1/2 K 1/2 )TiO 3 ceramics aiming at developing dielectric and piezoelectric materials for use in capacitors and actuators.