As a former US naval base, Subic is ideal for marine and shipbuilding industries. Its deep waters, calm seas, skilled workforce and attractive incentives for manufacturers in the export processing zone has made it perfect for Hanjin Heavy Industries and Construction Co., Ltd. (HHIC) to expand its operations outside Korea.

“It took us almost two years just scouting for the perfect location. We’ve considered Mindanao and Batangas, but this shooting range area used by US naval personnel was just perfect for a large-scale shipbuilding