Friday, February 27, 2015

Adultery is no longer illegal in S. Korea--and share price of condom maker soars

The Guardian has the story just before the court decision...: South Korean court to rule on making adultery legal

"South Korea’s Constitutional Court is set to rule on a motion to strike down a controversial law that outlaws adultery and threatens violators with jail time.

It marks the fifth time in 25 years that the apex court has considered the constitutional legality of a 1953 statute which makes South Korea one of the few non-Muslim countries to regard marital infidelity a criminal act.

And the statute isn’t a historical quirk that simply gathers legislative dust.

In the past six years, close to 5,500 people have been formerly arraigned on adultery charges - including nearly 900 in 2014."

...and just after:
Condom maker's shares surge after South Korea legalises adultery
Unidus, the country’s largest contraceptive manufacturer, saw a 15% spike in the value of its stock on same day law banning extramarital sex was repealed

"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. "

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