The World Peace Prize was established in 1989 by Robert L. Leggett, Suzi Leggett, and Dr. Han Min Su., and was registered the same year in Washington D.C. as the "World Peace Corps Mission, World Peace Corp Academy and World Peace Prize Awarding Council, Inc.," a non-profit missionary organization. The organization operates under the principles of inter-religious collaboration, and in the spirit of altruism and world peace.