'퍼블릭가산' 지식산업센터, 미분양 해소 속 PF 차환

The article demonstrates how Gasan, Seoul's largest knowledge industrial center, recovered from severe financial distress through successful PF refinancing backed by Hyundai E&C's credit enhancement, reducing debt from 5.2 trillion won to 1.8 trillion won and returning to profitability. This turnaround signals that even struggling real estate projects can execute refinancing amid challenging market conditions when supported by strong constructor guarantees.