Seoul Peace Prize, South Korea, 2018, PM Modi, Narendra Modi, ModiconomicsPrime Minister Narendra Modi on Friday received the prestigious Seoul Peace Prize 2018 in South Korea.

The award was presented at a grand ceremony by the Seoul Peace Prize Foundation.

The award committee recognised PM Modi’s contribution to international cooperation and fostering global economic growth. It credited ‘Modinomics’ for reducing social and economic disparity between the rich and the poor.

Before the ceremony, PM Modi said he would accept the honour on the behalf of the people of both India and South Korea.  It is a symbol of goodwill and affection, he added.

The event screened a short film on the life and achievements of the Indian Prime Minister.

Modi is the 14th recipient of the award. The past laureates included former UN Secretary General Kofi Annan, German Chancellor Angela Merkel and renowned international relief organizations like Doctors Without Borders and Oxfam.

Last October, the Seoul Peace Prize Cultural Foundation made the announcement. The award is a recognition for his dedicated service to international cooperation, global growth and human development.

Modi arrived in Seoul on Thursday morning with the aim of strengthening the special strategic partnership between South Korea and India. The meeting focuses on boosting bilateral trade and cultural ties.

The two countries inked a Memorandum of Understanding (MoU) to help strengthen counter-terrorism cooperation.

This is the Prime Minister’s second visit to South Korea after his state visit in May 2015.

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