The main population center of the municipality is composed of PoblacionBarangays 1 to 6, where the Municipal Building, the Municipal Legislative Building, and Judicial Hall of the Municipal Circuit Trial Court are located. Its fiesta is held annually on August 28 in honor of Saint Augustine. It is the commercial capital of the Calamian Archipelago.
The main industries of Coron are fishing and tourism. Former industries include manganese mining at Singay Mines in Barangay San Nicolas during the Japanese Occupation period. This was followed by the fishing industry boom during the 1970s up to the 1990s which gradually dwindled due to illegal blast and sodium cyanide fishing. Almost along with fishing boom was the rattan and basket-weaving industry which also gradually declined due to the ensuing depletion of raw materials.
Tourism is the top industry in Coron these days, due to its pristine beaches, dive sites, and other nature-oriented activities. The aquatic views of a dozen sunken Japanese warships at depths between 10 and 40 metres (33 and 131 ft) off Coron Island are making Coron and its neighboring municipalities a popular diving destination, listed in Forbes Traveler Magazine’s top 10 best scuba diving sites in the world.