Seoul Peace Prize Committee has decided to confer 2018 Seoul Peace Prize on Prime Minister Narendra Modi. He is the fourteenth recipient of this award. The award will be presented to him by the Seoul Peace Prize Foundation at a mutually convenient time.
PM Modi was selected for this prestigious award in recognition of his dedication for improving international cooperation, raising global economic growth, accelerating Human Development of people in India by fostering economic growth and furthering the development of democracy through anti-corruption and social integration efforts. It also recognized PM Modi’s contributions to the growth of Indian and global economies, credited ‘Modinomics’ for reducing the social and economic disparity between rich and poor.
It also lauded PM’s initiatives to make government cleaner through anti-corruption measures and demonetization. It also credited PM for his contribution towards regional and global peace through a proactive foreign policy with countries around the world under Modi Doctrine and Act East Policy.
It was established in 1990 to commemorate the success of the 24th Olympic Games held in Seoul, South Korea. It was established to crystallize Korean people’s yearning for peace on the Korean Peninsula and in the rest of the world. It is awarded biennially to those individuals who have made their mark through contributions to the harmony of mankind, reconciliation between nations and world peace. The awardee receives the diploma, plaque and honorarium of US $200,000. Past laureates include distinguished global personalities like German Chancellor Angela Merkel, former UN Secretary-General Kofi Annan and renowned international relief organizations like Doctors Without Borders and Oxfam.