While Ministry of External Affairs Official Spokesperson Raveesh Kumar tweeted on October 23 about PM Modi receiving the Seoul Peace prize 2018, the ministry released an official statement on October 24 stating the same.

The ministry's statement said that the Seoul Peace Prize Committee decided to confer the 2018 prestigious award on Prime Minister Narendra Modi in recognition of his dedication to improving international cooperation, raising global economic growth, accelerating the human development of the people of India by fostering economic growth in the world's fastest growing large economy and furthering the development of democracy through anti-corruption and social integration efforts.

The world acknowledges.



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 Raveesh Kumar (@MEAIndia) October 24, 2018

'Modinomics'

While awarding the 2018 Seoul Peace Prize, the Award Committee recognized Prime Minister Modi's contributions to the growth of the Indian and global economies, crediting 'Modinomics' for reducing social and economic disparity between the rich and the poor.

Anti-corruption

The committee lauded PM's initiatives to make the government cleaner through anti-corruption measures and demonetization.

Global cooperation

The committee also credited Prime Minister for 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.'

Receiving the Seoul Peace Prize 2018

Prime Minister Modi is the 14th recipient of this award.

After assessing over a hundred candidates proposed by over 1,300 nominators from around the world, the award committee decided to bestow the prize on Prime Minister Modi, calling him the perfect candidate for the 2018 Seoul Peace Prize.

On behalf of 37 lakh people of #Tripura, I congratulate PM Shri @narendramodi ji on being awarded the 2018 #SeoulPeacePrize. pic.twitter.com/hDq5QI5nst Biplab Kumar Deb (@BjpBiplab) October 24, 2018

Expressing his gratitude for the prestigious honour and in light of India's deepening partnership with the Republic of Korea, Prime Minister Modi has accepted the award.

The award will be presented by the Seoul Peace Prize Foundation at a mutually convenient time.

What is the Seoul Peace Prize?

The Seoul Peace Prize was established in 1990 to commemorate the success of the 24th Olympic Games held in Seoul, Republic of Korea -- where 160 nations took part, creating harmony and friendship and a worldwide atmosphere of peace and reconciliation.

The honour has been given biennially to those individuals who have made their mark through contributions to the harmony of mankind, reconciliation between nations and to world peace.

Also read | United Nations Day: 73 years of keeping the world peace alive

Also read | State Bank of India opens first branch in Seoul, South Korea: Some facts

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