Thursday, February 26, 2015

Condom Manufactures Rejoices After South Korean Abolished Law Saying Adultery Is Illegal

                  A law which made adultery illegal in South Korea has been abolished (Read HERE) sending shares in condom companies shooting up.The country's highest court struck down a decades-old law banning adultery, a statute critics argued infringed on personal freedom.

The law had been enacted in 1953 to protect women in a male-dominated society where divorce was rare and had made marital infidelity punishable by jail.

It was overturned after seven members of the nine-judge panel deemed the law to be unconstitutional.
'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 Seo Ki-seok, a Constitutional Court justice.

Shares in Unidus Corp, which makes latex products including condoms, soared to the 15 per cent daily limit gain after the ruling.

Critics have said the law against adultery is outdated in a society where rapid modernisation has frequently clashed with traditionally conservative values.
      
Rising: Shares in condom companies are going up after a law banning adultery in South Korea was abolished

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