Hyderabad: Prime Minister Narendra Modi, who is on a two-day visit to South Korea, will receive Seoul Peace Prize Friday.
Addressing Indian expats in Seoul, Modi said, "I will receive the prize on behalf of the 130 crore Indians and three crore Indians living in other nations."
PM Modi will be the first Indian to receive the award today.
All you need to know about Seoul Peace Prize
In order to commemorate the grand success of the 24th Summer Olympic Games held in Seoul in 1988, the Seoul Peace Prize was established in 1990. It is awarded every two years and carries a cash component . The 1988 event witnessed the participation of 160 nations across the world , creating harmony and friendship.
A nominating group comprising 300 Korean nationals and 800 international members select the awardee.
The awardee receives honorarium of USD 200,000, a diploma and a plaque.
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List of Seoul Peace Prize winners
| Year | Name | Country |
| 1990 | Juan Antonio Samaranch | Spain |
| 1992 | George Shultz | US |
| 1996 | Médecins Sans Frontières | Switzerland |
| 1998 | Kofi Annan | Ghana |
| 2000 | Sadako Ogata | Japan |
| 2002 | Oxfam | UK |
| 2004 | Václav Havel | Czech Republic |
| 2006 | Muhammad Yunus | Bangladesh |
| 2008 | Abdul Sattar Edhi | Pakistan |
| 2010 | José Antonio Abreu | Venezuela |
| 2012 | Ban Ki-moon | South Korea |
| 2014 | Angela Merkel | Germany |
| 2016 | Denis Mukwege | Democratic Republic of the Congo |
| 2016 | Narendra Modi | India |