North Korea called as DEMOCRATIC PEOPLE'S REPUBLIC OF NORTH KOREA is located in East Asia in the northern part of Korean peninsula. Korea was annexed by the Empire of Japan in 1910. In 1945, when Japan was defeated in World War II, Korea was divided into two occupied zones, with the north occupied by the Soviet Union and the south by the United States.
North Korea has been maintaining one of the most closed and centralized economies in the world. Soviet and Chinese support allowed North Korea to rapidly recover from the Korean War and register very high growth rates. Systematic inefficiency began to arise around 1960, when the economy shifted from the extensive to the intensive development stage. Industry and services employ 65% of North Korea's 12.6 million labor force.
The energy infrastructure is obsolete and in disrepair. Power shortages are chronic and would not be alleviated even by electricity imports because the poorly maintained grid causes significant losses during transmission. North Korea also strives to develop its own civilian nuclear program, but these efforts are under much international dispute due to their military applications and concerns about safety.
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