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if you want to create the second kind of company, only two parts needed: the company name and the ID information of the company owner. just after the two parts are submitted,and some other tables are filled, your private company is created. and then you can register in the tax bureau, the tax rate for private company is around 6% to 35%,varies according to the operating turnover. generally it's higher than the first kind of company.
above is written according to the investigation in the Commercial Registration Bureau and Tax Bureau, hope it's useful for the people who want to establish a business in Korea.