semigovernmental corporation; special public corporation
A legal entity established by a special law to carry out public functions, distinct from ordinary private companies and regular government agencies. Common in administrative and news contexts.
Japan Post was once a semigovernmental corporation.
Reform of special public corporations has become a political focus.
The government established a new semigovernmental corporation.
This semigovernmental corporation was eventually privatized.
The government announced a policy to abolish inefficient semigovernmental corporations.