The mass-market beauty company had $96.8 million in sales for the first half of 2016.
Rights groups applaud the decision as a victory for individual and religious freedom.
Seoul native Vina Jung founded the country’s first designer lingerie line in October 2012.
The executive was crowned by Forbes last year as one of the top 50 most powerful women in Mexico.
Digital-replica editions, which was reported last year as a rapidly growing sector, grew 13 percent, representing 3.8 percent of total circulation.