Answer:
Both Sides Declare Victory, Neither Won.
Explanation:
Technically, depending on which viewpoint you look at, both sides declared victory:
Communism: Communism declared victory (though it was a defeat on their part, because they did not complete their objective), because they were able to keep U.N. at bay from taking all of Korea.
Democracy: The US & U.N. declared victory (which was more of a victory, because they completed their primary objective) because they were able to stench Communist growth in Korea, as well as retake most of South Korea from Communist control.
Neither won: As we can see today, the Korean Peninsula is still split into two states, the North being a totalitarian state with China and Russia backing her up, while the South being a democratic-leaning state, backed by the US & U.N.
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