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(LEAD) Samsung, LG agree to end all legal disputes

14:49 March 31, 2015

(ATTN: ADDS details in para 5, 8-9)
By Kang Yoon-seung

SEOUL, March 31 (Yonhap) -- Samsung Group and LG Group, two leading conglomerates in South Korea, said Tuesday they have agreed to halt ongoing legal disputes among their tech affiliates, ending a years-long court battle over alleged technology theft and vandalism.

"(Samsung and LG) agreed to end all ongoing disputes to end tension," the two groups said in a joint statement. "We will also refrain from making more legal disputes and make efforts to settle issues through dialogue and consultation."

Under the agreement, two disputes between Samsung Electronics Co. and LG Electronics Inc., and another between Samsung Display Co. and LG Display Co. will end "unconditionally."

"There has not been any compensation exchanged between the two groups," a Samsung spokesman said. "The decision was made by top executives, and aims to bring better services and products to consumers."

The four companies agreed to jointly take the necessary steps to end the discord, and plead to the investigative authorities for clemency for those accused throughout the duration of the disputes.

The settled cases included the so-called "washer row," in which Samsung Electronics claimed that staff members from LG Electronics intentionally wrecked its washers at Germany-based electronics shops last year.

LG also had refuted Samsung's accusations and countersued the bigger rival for defamation and forging evidence.

In February, Samsung Electronics also claimed that an ex-LG Electronics executive stole its confidential business plans, and used them to win over the bigger rival in a government-led project bidding in 2009.

Samsung Display and LG Display also had been engaged in a long dispute, with the two claiming that they leaked each others' organic light-emitting diode (OLED) technologies.

colin@yna.co.kr
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