Japan and Korea finally reach an agreement over the dispute of wartime 'sex slaves'

South Korea and Japan finally reached a new landmark over the dispute of Japan's abuse of sex slaves or "comfort women" during World War II.

Korean women were forced to work in Japanese military brothels and an estimated 46 of these women are still alive today.

In the agreement, Japan made a public apology for the first time in 70 years since the Second World War, and has promised a payment of $8.3 million in hopes to alleviate the tension between the two nations.�The $8.3 million will be given to a new foundation that will be established by the South Korean government to offer nursing, medical, and other services to these women.

During the news conference, Japanese Foreign Minister Fumio Kishida stated, "This is a new beginning for the relationship between Japan and South Korea. We painfully acknowledge that the honor and dignity of many women were injured and the government of Japan will assume responsibility. "

SEE ALSO: Korean cosmetic brand Tony Moly denies viral marketing allegations over child eyeliner video