public corporation; public enterprise
Refers to a corporation or enterprise owned or operated by a public authority, such as a government or municipality.
Public corporations are operated for the public interest.
この公企業は市が所有している。
This public enterprise is owned by the city.
私企業 is a privately owned business, while 公企業 is a state- or public-owned enterprise.
Compound of 公 (public) and 企業 (enterprise).