The Bank of Korea says the pace of increase in household debt slowed in January,... while corporate debt increased sharply on-month.<br />After recording a drop of six billion U.S. dollars in December, bank lending to corporations turned to a positive six-point-seven billion in January as firms borrowed more money to pay value added tax and cover their overdue payments from 2018. <br />Household debt increased by one billion dollars in January, down three-point-eight billion dollars from the month earlier.<br />On-year, it was down one-point-four billion dollars.<br />The Bank of Korea attributed the drop to seasonal effects and the government's housing regulation policies that went into effect last year. <br />
