South Korea is expected to show the fastest recovery pace among the world's major economies as output and foreign liquidity expand, a report showed Monday.

According to the report by the Organization for Economic Cooperation and Development (OECD), South Korea posted the steepest growth in the composite leading indicator (CLI) among the 30 OECD member nations, marking an increase of 1.6 points to log 94.5 in February.

The CLI is an indicator to measure industrial output, housing and financial market conditions, and the gross domestic product to forecast the economy six months ahead, whose reading below 100 refers to a contraction expected for the economy.

The average for the OECD members tallied 92, down 0.7 points from a month earlier, while only eight economies, including France, Mexico, Australia, New Zealand, Finland, Poland, and Turkey, were to mark a rise in the CLI.