Woosung Materials Co., Ltd., formerly known as Sung An Co., Ltd., is a South Korea-based company primarily engaged in the manufacturing, processing, and distribution of advanced industrial materials and specialty synthetic textiles. Founded in 1976 and headquartered in Daegu, South Korea, the company operates across two core business divisions: Advanced Materials and Textiles. Its comprehensive product and service portfolio includes rare earth metals and neodymium-praseodymium (NdPr) alloys for neodymium-iron-boron (NdFeB) permanent magnets; critical raw materials for electric vehicle (EV) traction motors, wind energy generators, and precision robotics; polyester filament woven fabrics; micro-fiber textiles; high-density synthetic fabrics; specialty yarn-dyed and piece-dyed fabrics; and functional apparel textiles marketed under proprietary brand names including STARTEX and SOFSIL. The company serves global supply chains with geographic operations and sales spanning South Korea, North America, Europe, the Middle East, and Asia. In recent strategic and corporate developments, the company executed a corporate name change to Woosung Materials Co., Ltd. to reflect its operational shift into high-technology materials, while establishing dedicated rare earth supply chain partnerships and metal processing capabilities to support the expanding global automotive electrification and renewable energy markets.