Condom Maker Extends Gains After South Korea Scraps Adultery Law
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Shares of South Korea’s leading condom maker soared for a second day after the country’s Constitutional Court decriminalized adultery in a ruling that ended a decades-old anti-cheating law.
Unidus Corp. was up 11 percent to 3,475 won at 12:55 p.m. Friday in Seoul. The stock rose 15 percent yesterday, leaving it up almost 30 percent since the ruling. Hyundai Pharmaceutical Co., a maker of morning-after pills, rose 10 percent yesterday to the highest in more than five years. The shares slid 7 percent Friday.