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]
- LeBron James Could Take Pickleball—Yes, Pickleball—to the Next Level
- It's Going to Be a Lot More Expensive to Heat Your Home This Winter. Here's What To Expect
- The U.S. Might Be the Surprising Determining Factor in the Future of Armenia
- Rapper Saucy Santana Is Opening a Door For His Community
- Here are the Biggest Moments from the TIME100 Leadership Forum and Impact Awards in Singapore
- Column: Russia Wants to Lock Ukraine Back in the Soviet Cellar
- As the Kanjuruhan Tragedy Shows, Indonesia Has Not Resolved Its Long-Standing Problem of Soccer Violence
- Here's Everything New on Netflix in October 2022
- A New Documentary Series Illuminates the History and Evolution of Queer Horror
