East Coast Free Economic Zone

[1][2] In 2013, The Ministry of Trade, Industry and Energy of Korea launched the development plan.

The total cost of the project has been 807.05 billion won and is aimed to be built between 2013 and 2024.

In 2021, the East Coast received $100 million in Foreign Direct Investment.

[4] In January 2022, the chairman of the Philippines' LCS Group Luis Chavit Singson announced a $100 million investment plan in a residential, commercial, and resort development project in the Mangsang District 1, highlighting its geographically and strategically location on the coastline.

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