Prime Minister Narendra Modi received the prestigious Seoul Peace Prize for 2018 for his contribution to international cooperation and fostering global economic growth. The award was presented to him by the Seoul Peace Prize Foundation at a grand ceremony here. A short film on the life and achievements of Prime Minister Modi was also screened at the event. While conferring the award on Modi, the award committee recognised his contribution to the growth of Indian and global economies, crediting ‘Modinomics’ for reducing social and economic disparity between the rich and the poor.