Korea Tosses Adultery Law; Condom Brand Shares Shoot Up

SEOUL — Condoms are suddenly the hot thing in South Korea after a court this week overruled a law that criminalized adultery.

Two condom makers — Hyundai Pharmaceutical Co. and Unidus Corp. — saw their shares skyrocket shortly after the ruling on Thursday. Hyundai shares shot up as much as 9.7 percent, while Unidus’s shares rocketed 15 percent.

“Certain themes can drive up share prices and it is probably a temporary rise,” Ha Tae Gi, an analyst at SK Securities in Seoul, told Bloomberg Business News, referring to Unidus. “Shares have the tendency to spike on news events and this probably won’t keep rising over the long term.”

The Seoul court ruled, 7-2, to repeal a six-decade-old law that made infidelity an offense that brought prison time. Park Han-Chul, the presiding judge in the case, cited shifting views of sexual rights as the motive for lifting the ban. The law had been previously challenged four times in the court since 1990.

South Korean authorities have prosecuted at least 9,000 cases of adultery since 2009, authorities said. No one was jailed in 2014, but 892 indictments on adultery charges were filed.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Like a Kitten to Launch 'Adventure Collection'

Pleasure brand Like a Kitten has announced that it will launch its new Adventure Collection on July 15.

Full Circle Debuts New Bullet Vibes

Pleasure brand Full Circle has introduced a new range of bullet vibrators.

Magic Silk Debuts 'Butterfly Fantasies' Collection

Magic Silk has introduced its new Butterfly Fantasies line of intimate wear.

Orion Debuts 'Vipepad' Ride-On Vibrator

Orion Wholesale has introduced the latest edition of its Vibepad ride-on vibrator.

Xgen's Dr. Mindy DeSeta Spotlighted on CBS News

CBS News has spotlighted Xgen Products resident sex therapist Dr. Mindy DeSeta on its Miami and West Palm Beach affiliate stations.

Electric Novelties Expands 'Gläs' Collection

Electric Novelties has introduced a variety of new items from its Gläs collection.

FSC Toasts Jeffrey Douglas for 30 Years of Service

n the very same evening when the adult industry was hit hard by the Supreme Court ruling supporting Texas’ controversial age verification law, HB 1181, members of the Free Speech Coalition board, staff and supporters gathered to celebrate Jeffrey Douglas’ 30 years as board chair — a fitting reflection of his reputation as an eternal optimist.

Le Wand's 'Petite' Highlighted in NY Magazine Article

Le Wand’s Petite massage wand has been recognized in NY Magazine's The Strategist round-up of top-rated massagers.

Orion Debuts 'Gyro' Stroker From You2Toys Line

Orion Wholesale has introduced the You2Toys Gyro stroker.

Share Satisfaction Debuts 'Evolve Penis Pump' Collection

Wellness brand Share Satisfaction has introduced its new Evolve Penis Pump line.

Show More