Prime Minister Narendra Modi on Wednesday was conferred with the Seoul Peace Prize 2018 “for his contribution to high economic growth in India and world through ‘Modinomics.’” Modi, who is the fourteenth recipient and the only Indian to bag the award will receive a diploma, a plaque and honorarium cash prize at a mutually convenient time, the Ministry of External Affairs said in a statement.
Calling PM Modi the ‘the perfect candidate for the prize, the Award Committee made the choice after assessing over a hundred candidates proposed by over 1300 nominators from around the world, MEA said. “The Seoul Peace Prize Committee has decided to confer the 2018 Seoul Peace Prize on Prime Minister Shri 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 MEA said. The award also credited Modi’s 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.’
What is Seoul Peace Prize?
Established in 1990, the Seoul Peace Prize was an effort to crystallise the Korean people’s yearning for peace on the Korean Peninsula and in the rest of the world. It was initially established to commemorate the success of the 24th Olympic Games held in Seoul, Republic of Korea – an event in which 160 nations from across the world took part, creating harmony and friendship and a worldwide atmosphere of peace and reconciliation.
Previous winners of the award include former UN Secretary General Kofi Annan, German Chancellor Angela Merkel and renowned international relief organizations like Doctors Without Borders and Oxfam. The prize has been awarded to those who have made their mark through contributions to the harmony of mankind, reconciliation between nations and to world peace.
How is the Seoul Peace Prize winner selected?
The committee includes over 1,300 nominators, including internationally renowned Korean and foreign figures in political, economic, social, cultural, athletic, academic and other fields. The Prize is given biennially and the nomination begins in November. The nominators should send back the forms after filling in the name of their candidates and their achievements three months before the advised date for the award giving ceremony. The final winner is selected through a vote by members of the committee.
What do the Seoul Peace Prize winners get?
The awardee receives a diploma, a plaque and honorarium of US$200,000.The two-page, traditionally patted certificate has the emblem of the Seoul Peace Prize printed on the left side. The text of the certificate appears on the right side, in both Korean and English. The gold-plated, crystal plaque is fashioned after the traditional Taegeuk(two comma-shaped symbols united in a perfect circle) design.