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

The Male Rose Names Emma Rose Brand Ambassador

Pleasure brand Male Rose has named multi-XMAs winner Emma Rose as its newest brand ambassador.

Kiiroo Debuts 'PowerShot' Stroker

Kiiroo has introduced its PowerShot dual-motor, app-controllable stroker.

Holiday Products, Sweetums Sign Distro Deal

Holiday Products has signed a distribution deal with wellness brand Sweetums.

Orion Expands Cottelli 'Accessoires,' 'Party' Lines

Orion Wholesale has introduced seven new pieces from its Cottelli Accessoires line and one from its Party collection.

ProDx Health Launches Affiliate Program

ProDx Health has launched an affiliate program for creators and other members of the adult industry to promote its home-collection testing kits.

Lovense 'Ferri' Spotlighted on Wired.com

Lovense’s Ferri has been spotlighted on Wired.com.

Orion Debuts New Style From Cottelli Lingerie

Orion Wholesale has added a new style from its Cottelli Lingerie line.

JO Debuts Stroker-Optimized Lube

JO has introduced its new Stroker Lube, engineered for use with strokers and sleeves.

Williams Trading, Micro-Journey Sign East Coast Distro Deal

Williams Trading Co. has signed a deal to distribute wellness brand Micro-Journey's Mushroom Tablets on the East Coast.

Lightning Star World Debuts Aubrey Kate Stroker, Dildo

Pleasure brand Lightning Star World has introduced its new Aubrey Kate Collection.

Show More