Analysis of information sources in references of the Wikipedia article "사회주의" in Korean language version.
Socialism, you see, is a bird with two wings. The definition is 'social ownership and democratic control of the instruments and means of production.'
A society may be defined as socialist if the major part of the means of production of goods and services is in some sense socially owned and operated, by state, socialised or cooperative enterprises. The practical issues of socialism comprise the relationships between management and workforce within the enterprise, the interrelationships between production units (plan versus markets), and, if the state owns and operates any part of the economy, who controls it and how.