We show that the colossal thermoelectric power, , observed in the correlated semiconductor FeSb below 30,K is accompanied by a huge Nernst coefficient and magnetoresistance MR. Markedly, the latter two quantities are enhanced in a strikingly similar manner. While in the same temperature range, of the reference compound FeAs, which has a seven-times larger energy gap, amounts to nearly half of that of FeSb, its and MR are intrinsically different to FeSb: they are smaller by two orders of magnitude and have no common features. With the charge transport of FeAs successfully captured by the density functional theory, we emphasize a significantly dispersive electron-relaxation time due to electron-electron correlations to be at the heart of the peculiar thermoelectricity and magnetoresistance of FeSb.

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