He is the first Kiwi to be bestowed with the award, which has been presented to one male and one female athlete at each summer and winter Paralympics since 1988.
Recipients are those who best exemplify the spirit and values of the Paralympics.
The three-man New Zealand team finished 16th-equal on the medal table, matching their place at Sochi four years ago.
The United States were comfortably on top.
Hall's gold at the Jeongseon Alpine Centre was a Kiwi highlight, storming from third-equal to first with his second run at the Jeongseon Alpine Centre.
It came nearly a year to the day since he won the same event at the 2010 Paralympics in Vancouver.
Hall's bronze medal came in the super combined standing event while alpine skier Corey Peters snared a downhill sitting bronze.