This study aimed to evaluate the probiotic properties of Limosilactobacillus fermentum SMF680 and Limosilactobacillus fermentum SMF709, which were isolated from Baekkimchi, and to assess the antioxidant and anti-inflammatory activities of live and heat-killed cells. The selected SMF680 and SMF709 strains showed similar acid resistance, bile resistance, and intestinal cell adhesion compared to Lacticaseibacillus rhamnosus GG (LGG), a commercial probiotic strain. The live and heat-killed cells of SMF680 and SMF709 did not show toxicity at a concentration of 1 mg/mL against intestinal cells (HT-29) and macrophages (RAW 264.7). The heat-killed cells of SMF680 and SMF709 showed significantly higher DPPH and ABTS radical scavenging activities as well as β-carotene bleaching inhibitory activity than those of LGG (p<0.05). Moreover, the heat-killed cells of SMF680 and SMF709 showed significantly higher ABTS radical scavenging and β-carotene bleaching inhibition activities compared to the live cells (p<0.05). The treatment of live or heat-killed cells of SMF680 and SMF709 significantly suppressed the expression of TNF-α, IL-6, iNOS and COX-2 in LPS-stimulated RAW 264.7 macrophages (p<0.05). The live and heat-killed cells of SMF680 and SMF709 exhibited superior inhibitory activities on the expression of TNF-α, IL-6, iNOS and COX-2 compared to those of LGG. In particular, the heat-killed cells of SMF709 showed the most potent anti-inflammatory effect by inhibiting IL-6, iNOS and COX-2 expression by 73.86%, 81.93%, and 65.75%, respectively. Therefore, the results of this study suggest that the heat-killed cells of L. fermentum SMF680 and L. fermentum SMF709 strains could be utilized as natural antioxidant and anti-inflammatory agents in the food, pharmaceutical, and cosmetic industries.