South Korean foundation launched to help former sex slaves

South Korea has launched a foundation planned to be funded by the Japanese government to provide support for South Korean women forced into sexual slavery by Japan's military in World War II.

The opening of the foundation's office in Seoul on Thursday was met by protests from activists and students who criticized a December settlement between South Korea and Japan for the decades-long dispute over South Korean sex slave victims.

Under the agreement, which was described by Seoul as "irreversible," Japan pledged to contribute 1 billion yen ($9.5 million) for a foundation to help support the victims. Critics in South Korea say the Seoul government settled for far too less.

Seoul government officials say Tokyo has yet to transfer the promised funds, but is expected to do so soon.