SEOUL: The International Monetary Fund said on Tuesday that South Korea should draw up an extra fiscal budget to support an economy facing risks from sluggish investment and global trade risks.

"The authorities should provide more fiscal stimulus through a supplementary budget, with measures that promote potential output," IMF mission chief Tarhan Feyzioglu told a news conference.

Feyzioglu said risks are tilted toward the downside as growth is moderating amid weak inflation and vanishing jobs.