About:
- The Seoul Peace Prize was established in 1990 to commemorate the success of the 24th Olympic Games held in Seoul, Republic of Korea in 1988 – an event in which 160 nations took part, creating a worldwide atmosphere of peace and reconciliation.
- It was established to crystallize the Korean people's yearning for peace on the Korean Peninsula and in the rest of the world.
- It has been awarded biennially to those individuals and organizations who have contributed to the harmony of mankind, reconciliation between nations and to world peace.
- Past laureates include former UN Secretary General Kofi Annan, German Chancellor Angela Merkel, Muhammad Yunus (Bangladesh), and renowned international relief organizations like Doctors Without Borders and Oxfam.
- The awardee receives a diploma, a plaque and honorarium cash prize of US$200,000.
2018 Seoul Peace Prize:
While awarding the 2018 Seoul Peace Prize, the Award Committee credited recognized –
- Prime Minister Modi's contributions to the growth of the Indian and global economies,
- 'Modinomics' for reducing social and economic disparity between the rich and the poor.
- PM's initiatives to make the government cleaner through anti-corruption measures and demonetization.
- his contribution towards regional and global peace through a proactive foreign policy with countries around the world under the 'Modi Doctrine' and the 'Act East Policy.'
