Samsung and LG have agreed to end all legal disputes between the two, bringing to an end a bizarre feud over a broken washing machine.
The South Korean tech giants have been embroiled in a legal battle sincean LG executive wilfully sabotaged several high-end Crystal Blue washing machines at the .
The episode reached a crescendo whenin Seoul, with LG retaliating by of its executive "testing" the washing machine in question.
Other disputes between the two companies include an OLED tech leak from 2011, and an LG employee being accused of stealing air-conditioner secrets from Samsung.
Both companies released a copy of the agreement to end the legal brouhaha, signed and stamped by Samsung Electronics CEO Kwon Oh-Hyun, Samsung Display CEO Park Dong-Geun, LG Electronics CEO Koo Bon-Joon and LG Display CEO Han Sang-Beom.
As two of Korea's largest corporations, the two conglomerates said the agreement was reached for the greater good in light of the country's economic problems. The two must work together, they said, to focus on improving service and products for consumers.
Samsung and LG will withdraw their suits and request the authorities give each other leniency. Criminal cases in South Korea do not automatically end when a plaintiff withdraws the case, and authorities can still punish the defendant.
Samsung and LG spokespeople in Korea confirmed all three lawsuits will end but declined to comment further.