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`genehunters
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`Industries | Tue Mar 31, 2015 1:12am EDT
`
`Related: CYCLICAL CONSUMER GOODS, INDUSTRIALS, TECHNOLOGY
`
`Samsung Electronics, LG Electronics agree to end legal
`disputes
`
`SEOUL, MARCH 31
`
`South Korean rivals Samsung Electronics Co Ltd and LG Electronics Inc said on Tuesday
`they have agreed to end ongoing legal disputes and work out future disagreements
`through dialogue.
`
`The announcement comes over a month after LG appliances chief Jo Seong-jin was
`indicted by prosecutors on a charge of deliberately damaging Samsung washing
`machines.
`
`The agreement also extends to subsidiaries Samsung Display and LG Display Co Ltd.
`Samsung Display employees were indicted in February on charges of stealing organic
`light-emitting diode (OLED) display panel technology from LG Display.
`
`Samsung and LG in the joint statement said they will reach out to relevant authorities to
`take the agreement into account. It was not immediately clear how prosecutors would
`respond. (Reporting by Se Young Lee; Editing by Tony Munroe)
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