Stocks of a South Korean condom company increased 15% after news broke that the country decriminalized adultery.
The law against adultery was approved in 1953 and upheld in 2008 under the pretext of protecting social harmony. However, citing grounds of personal freedom, seven judges in a nine-judge panel rejected the ban as unconstitutional Thursday.
“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 news saw a 15% jump in shares of Unidus Corp, a manufacturer of condoms.
Some 892 South Koreans were indicted last year for adultery, though none faced jail time.
[Reuters]
More Must-Reads From TIME
- The 100 Most Influential People of 2024
- Coco Gauff Is Playing for Herself Now
- Scenes From Pro-Palestinian Encampments Across U.S. Universities
- 6 Compliments That Land Every Time
- If You're Dating Right Now , You're Brave: Column
- The AI That Could Heal a Divided Internet
- Fallout Is a Brilliant Model for the Future of Video Game Adaptations
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time
Contact us at letters@time.com