Adultery In South Korea Condom Maker's Extends Gains After Adultery Law Scrapped

Shares of South Korea’s leading condom maker soared after the country’s Constitutional Court legalized adultery.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

In South Korea, extramarital sex just got a whole lot safer, after the country’s highest court overturned a law banning adultery.

The abolition of the 62-year-old law on Thursday saw the share price of the country’s biggest condom maker, Unidus, surge 15% – the daily limit on the country’s Kosdaq market. 

Despite South Korea’s economic rise in recent decades – Seoul, the capital, is one of the world’s most technologically advanced cities – a deep vein of traditionalism still courses through society. The law was passed in 1953 to protect wives who were financially dependent on their husbands.

The country’s economy was largely agricultural and women had few property rights. More recently, supporters of the law have argued that it preserves conservative family values amid a surge of modernisation.

Seven of the court’s nine judges voted to overturn the law, which carried a maximum penalty of two years in jail. 

“The law is unconstitutional, as it infringes people’s right to make their own decisions on sex and secrecy and freedom of their private life, violating the principle banning excessive enforcement under the constitution,” said constitutional court justice Seo Ki-seok. 

The presiding justice, Park Han-chul, said: “Public conceptions of individuals’ rights in their sexual lives have undergone changes.”

One dissenter, justice Ahn Chang-ho, said the vote would “spark a surge in debauchery”.

Despite the harsh maximum sentence, in recent years very few of the accused have spent time behind bars. Charges are frequently dropped, as divorcing couples increasingly turn to civil courts and financial settlements to resolve their differences.

Source: The Guardian

Recommended Articles

Recommended Videos





Top Articles

1 Corruption Mahama officials refunding wrongly pocketed NCA cash – Ministerbullet
2 Confession This is the real story behind Atta Ayi's arrestbullet
3 Grabbed Trafficking ring busted, 7 girls rescuedbullet
4 Corruption Fight Radio station host leads massive "Fabewoso" demo...bullet
5 Serves him Right 35-year-old Welder jailed 15 years for defiling...bullet
6 Protest Somanya residents clash with ECG over high electricity...bullet
7 Dr Thomas Anaba Former Director of Ridge Hospital drags govt...bullet
8 Love Gone Sour Woman sets boyfriend's house ablazebullet
9 Secret Recording Immigration boss hot over Aisha Huang's...bullet
10 False Report NPP denies smuggling subsidized fertilizersbullet

Top Videos

1 AMERI Power Plant AMERI lacks expertise in power projects – Philip Addisonbullet
2 TRAGEDY Fire guts Coconut Grove Hotelbullet
3 In Zimbabwe President Mugabe’s 70 year-old aide marries his...bullet
4 Video Edward Gyampana is the teenage design genius who needs your helpbullet
5 Video Police officer attacked at Flagstaff Housebullet
6 Woyome Judgement Debt Kweku Baako dances over Amidu's winbullet
7 Watch Stop taking collection in churches -TB Joshua to Pastorsbullet
8 Ghana@60 Agya Koo embarrassed Ghana at Independence Day -...bullet
9 Meet "The Beast" President Obama's Cadillac that's more...bullet
10 Vitiligo Enam Honya - is challenging what you think...bullet

News