2018 Seoul Peace Prize awarded to Modi for Modinomics, Modi Doctrine & Act East Policy
Crediting Indian Prime Minister Narendra Modi for ‘Modinomics’, ‘Modi Doctrine’ and ‘Act East Policy’, Seoul Peace Prize Committee has conferred him the 2018 Seoul Peace Prize, 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.
Seoul Peace Prize’s 14th recipient, Modi is to be presented with an award, plaque and honorarium of $200,000 by the Seoul Peace Prize Foundation at a mutually-convenient time.
Seoul Peace Prize Cultural Foundation headed by Chairman Kwon E-hyock announced on 24 October 2018 following its final selection meeting in Jung-gu, Seoul and labelled Modi “the perfect candidate.”
Modi expressing his gratitude for the prestigious honour tweeted, “Sincerely thank the Seoul Peace Prize Cultural Foundation for the great honour. I most humbly accept the Award on behalf of all my Indian brothers & sisters. This is a recognition of New India’s contribution to the well-being, progress, prosperity & peace of the whole humankind”.
‘Modinomics’ has been recognized as Prime Minister Modi’s contributions to the growth of the Indian and global economies, for his efforts to improve the lives of India’s 1.35 billion people and 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 have been lauded by the Award Committee.
‘Modi Doctrine’ and the ‘Act East Policy’ has also been recognized for his contribution towards regional and global peace through a proactive foreign policy with countries around the world, and for establishing economic cooperation ties with various countries to improve human welfare and promote world peace and for greatly contributing to the stability of the Asia-Pacific region by promoting international cooperation through diplomatic policies.
Seoul Peace Prize Cultural Foundation was established in 1990, to crystallize the Korean people’s yearning for peace on the Korean Peninsula, and with the aim of contributing to attainment of a true world peace for mankind by awarding Seoul Peace Prize which recognizes those who made great contributions to the harmony of mankind, reconciliation between nations and the world peace on the basis of the ideals of the 24th Seoul Olympic Games held in Seoul, Korea in 1988 in an atmosphere of friendship and harmony of the peoples around the world.
The 1st Seoul Peace Prize 1990 recipient was Juan Antonio Samaranch of Spain, its awarded biennially to those individuals who have made their mark through contributions to the harmony of mankind, reconciliation between nations and to world peace. and other past laureates include distinguished global personalities like former UN Secretary General Kofi Annan, German Chancellor Angela Merkel and renowned international relief organizations like Doctors Without Borders and Oxfam.