24 Oct 2018
Prime Minister Narendra Modi honored with Seoul Peace Prize
Prime Minister Narendra Modi has been conferred with the Seoul Peace Prize for 2018 for his contribution to international cooperation and fostering global economic growth.
The Ministry of External Affairs said in a statement today that Modi expressed his gratitude for the prestigious honor and in the light of India's deepening partnership with the Republic of Korea, he has accepted the award.
MEA announces Modi's felicitation on Twitter
The world acknowledges.— Raveesh Kumar (@MEAIndia) October 24, 2018
PM @narendramodi awarded prestigious Seoul Peace Prize 2018 for contribution to high economic growth in India and world through 'Modinomics', contribution to world peace, improving human development furthering democracy in India. https://t.co/ugXhhG7Dls pic.twitter.com/5e98THX4M8
Award to be given to Modi at mutually convenient time
The MEA said the award will be presented to PM Modi by the Seoul Peace Prize Foundation at a mutually convenient time.
The Seoul Peace Prize was established in 1990 to commemorate the success of the 24th Olympic Games held in Seoul.
The award was established to crystalize Korean people's yearning for peace on the Korean peninsula and in the rest of the world.
Committee credits 'Modinomics' for reducing economic disparity between rich, poor
While conferring the prestigious award on the Indian Prime Minister, the award committee recognized his contribution to the growth of Indian and global economies, crediting "Modinomics" for reducing the social and economic disparity between the rich and the poor, the MEA said.
The committee lauded Modi's initiatives to make the government cleaner through anti-corruption measures and demonetization, it said.
Modi now joins league of Angela Merkel, Kofi Annan
The committee also credited Modi for his contribution toward regional and global peace through a proactive policy with countries around the world under the "Modi doctrine" and the Act East policy.
Modi is the 14th recipient of the award, and the past laureates included former UN Secretary General Kofi Annan, German Chancellor Angela Merkel, and renowned international relief organizations like Doctors Without Borders.