LG will roll out smart fridges, washers and other appliances in South Korea and North America by the end of this year to compete against rivals including Samsung Electronics and Whirlpool, Lee Young-Ha, president of the home appliance unit, told reporters.

The nation's second-largest consumer electronics maker after Samsung on Tuesday showcased the first smart product - a refrigerator connected to a home Wi-Fi network and which can be controlled by smartphone.

"By the end of the year, when our full range is introduced, consumers will be able to stay in contact with their appliances at any time, enjoying greater convenience and seeing real-life, real-time improvements in energy consumption and time savings," Lee said in a statement.

The smart fridge offers three energy-saving options as well as a "food management system" which tells users what is in their fridge, where it is and when its sell-by date expires

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