MOSCOW (Sputnik) – The foundation, called Reconciliation and Healing, will begin operating from July 28, and will financially compensate the co-called "comfort women" and rehabilitate them, Yonhap news agency said.
According to the Foreign Ministry, Japan will contribute some 1 billion yen ($9.5 million) to the foundation, the media outlet added.
The announcement regarding the launch of the foundation comes after Seoul and Tokyo reached a deal on December 28, 2015, to end the long-standing diplomatic feud over "comfort women," with both sides having agreed to set up a foundation for sexually enslaved Korean women under the deal.
Up to Korean 200,000 women became victims of Japanese sexual enslavement, with only 40 of them still confirmed alive.
