🇰🇷Korean Source WordCode: KO

법정공기업

Pronunciation / Transliteration: beopjeong gonggieop

🇬🇧 Direct English Meaning:
Statutory corporation/ˈstætʃ.ʊ.tər.i ˌkɔː.pəˈreɪ.ʃən/
nounCEFR C1 (Advanced)Top #14500 frequency
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🇰🇷 Example Sentence in Korean:

"그 기관은 특별법에 의해 설립된 법정공기업이다."

Comprehensive Definitions & Senses

1 sense
As noun
  1. 1

    A corporate body set up by an act of legislature or parliament, rather than under the general companies registration law, typically to perform public functions or services.

    "The national railway system is operated as a statutory corporation accountable to the government."

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Linguistic Origin & Historical Etymology

The term combines 'statutory,' originating from Late Latin 'statutorius' (pertaining to a statute or law), and 'corporation,' derived from Latin 'corporatio' (body of people). Established in administrative and legal contexts during the 19th century to denote corporate bodies created by special legislative acts rather than standard company law.

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