A Japanese-funded foundation set up in South Korea under a 2015 bilateral agreement on the issue of "comfort women" has been formally dissolved, a person closely involved with the organization said Friday.

After deciding in November to dissolve the Reconciliation and Healing Foundation, the South Korean government took procedural steps toward the dissolution without consent from the Japanese government.

The term comfort women is a euphemism used to refer to women who provided sex, including those who did so against their will, for Japanese troops before and during World War II.