In Japanese business, the abbreviation “K.K.” stands for “Kabushiki Kaisha,” which translates to “stock company” or “corporation.” This designation signifies a specific legal structure similar to a limited liability company in other countries. A typical example is a publicly traded company with shares listed on a stock exchange.
This corporate structure provides several advantages, including limited liability for shareholders, which protects their personal assets from business debts. It also facilitates raising capital through the sale of stock and establishes a formal governance framework with a board of directors. Historically, the K.K. designation became prominent during Japan’s modernization in the late 19th and early 20th centuries, contributing significantly to the country’s economic development.
